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
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