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HS Property NV LLC Acquires Industrial Building From NOR Oquendo Road LLC For $7.9M
SOLD
$7,900,000
Nevada
See Similar DealsIndustrial28,420 SF
Sold 02/26/2025
SOLD
HS Property NV LLC Acquires Industrial Building From NOR Oquendo Road LLC For $7.9M
3670 West Oquendo Road
See Similar DealsIndustrial28,420 SF
Sold 02/26/2025
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$278
Total Square Footage:28,420 SF
Transaction Type:Sale
A 28,420-square-foot industrial building located at 3670 West Oquendo Road in Las Vegas was sold for $7.9 million. The property is part of the Las Vegas market and was acquired by HS Property NV LLC.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $7,900,000
- Buyer: HS Property NV LLC
- Seller: NOR Oquendo Road LLC
- Broker: Tyler Ecklund - CBRE
- Price per Square Foot: $278
- Sale Date: 02/26/2025
Tyler Ecklund, representing NOR Oquendo Road LLC, facilitated the transaction for this industrial property in Las Vegas, assisting the seller in the completion of the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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