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

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SOLD
$10,300,000

Nevada

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Industrial58,162 SF
Sold 01/23/2025
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SOLD

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

4620 Eaker Street

See Similar Deals
Industrial58,162 SF
Sold 01/23/2025
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Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:58,162 SF
Transaction Type:Sale

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
6 deals$61.1M volume(702) 369-4828
BROKER

Details

SOLD
IMAGE: 01/23/2025 ADDRESS: 4620 Eaker Street MARKET: North Las Vegas, NV ASSET TYPE: Industrial ~ ACRES: 2.9 BUYER: Cryogenic Industries SELLER: APG Eaker LLC BROKER: Tyler Ecklund - CBRE SALE PRICE: $10,300,000 SF: 58,162 ~ PPSF: $177 NOTE: Cryogenic Industries has purchased a 50,504-square-foot industrial building at 4620 Eaker St. in North Las Vegas for $10.3 million from APG Eaker LLC. The facility, built in 2016 on 2.9 acres, includes two dock-high doors, one grade-level door, a clear height of 24 feet, and 7,658 square feet of office space.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$549,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06