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Cliff Booth Of Westmount Realty Capital Acquires Lillard Drive Industrial Portfolio For $88.5M
SOLD
Nevada
See Similar DealsIndustrial809,138 SF
Sold 01/21/2026
SOLD
Cliff Booth Of Westmount Realty Capital Acquires Lillard Drive Industrial Portfolio For $88.5M
450 Lillard Drive
See Similar DealsIndustrial809,138 SF
Sold 01/21/2026
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$109
Total Square Footage:809,138 SF
Transaction Type:Sale
The Lillard Drive Industrial portfolio, located at 350, 360 & 450 Lillard Drive in Sparks, NV, consists of three buildings totaling 809,138 square feet. The property was sold for $88,500,000, resulting in a price per square foot of $109.38.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $88,500,000
- Buyer: Cliff Booth - Westmount Realty Capital
- Seller: Sean Dalfen - Dalfen Industrial
- Square Footage: 809,138
- Price per Square Foot: $109.38
- Market: Sparks, NV
Cliff Booth represented Westmount Realty Capital in this transaction, while Sean Dalfen represented Dalfen Industrial. The properties were acquired by Dalfen Industrial in 2016 for $55.3 million prior to their recent sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,720,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$314,421.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$419,535.15
Annual Debt Service$5,034,421.81
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