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4620 Eaker Street

Cryogenic Industries Acquires Industrial Building From APG Eaker LLC In North Las Vegas For $10.3M
SOLDIndustrial

Cryogenic Industries Acquires Industrial Building From APG Eaker LLC In North Las Vegas For $10.3M

4620 Eaker Street

$10,300,000

$177/SF

Building Size

58,162 SF

Asset Type

Industrial

Closing

Jan 23, 2025

AI

The property involved in this transaction is an industrial asset located at 4620 Eaker Street in North Las Vegas, NV. It features a total area of 58,162 square feet situated on 2.9 acres. The sale price of the property was $10,300,000. The building, which was constructed in 2016, includes two dock-high doors, one grade-level door, a clear height of 24 feet, and has 7,658 square feet dedicated to office space.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,300,000
  • Sale Date: 01/23/2025
  • Buyer: Cryogenic Industries
  • Seller: APG Eaker LLC
  • Broker: Tyler Ecklund - CBRE
  • Square Footage: 58,162
  • Price Per Square Foot: $177
  • Acres: 2.9

The deal marks a significant acquisition for Cryogenic Industries, reflecting their expansion strategy in the industrial market. APG Eaker LLC, the selling entity, successfully transacted the property through broker Tyler Ecklund of CBRE, facilitating the exchange between the parties involved.

Players

Tyler Ecklund

CBRE

Broker

$61.1M

vol

6 deals

Broker

North 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

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93