Updated Nov 13, 2025
City Of Las Vegas Redevelopment Agency Acquires Industrial Property In Downtown Las Vegas For $4M
300 North Las Vegas Boulevard
$4,000,000
$324/SF
Building Size
12,332 SF
Asset Type
Industrial
Closing
Nov 11, 2025
About this deal
AI
The sale involves a 12,332-square-foot industrial property located at 300 North Las Vegas Boulevard in the Las Vegas, NV market. The property was sold for $4,000,000, reflecting a price per square foot of $324. It features mixed-use zoning, providing flexibility for various uses.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 300 North Las Vegas Boulevard
- Market: Las Vegas, NV
- Square Footage: 12,332
- Price Per Square Foot: $324
- Buyer: City of Las Vegas Redevelopment Agency
- Seller: The Estate of Tony Hsieh
- Brokers: Chris Lexis, James Griffis & Joe Leavitt - Avison Young
The transaction was brokered by Avison Young, with Chris Lexis, James Griffis, and Joe Leavitt representing The Estate of Tony Hsieh in the sale to the City of Las Vegas Redevelopment Agency.
Players
Las Vegas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93