SOLD
KW Fund VII - North Belt Road LP Acquires Mosaic Commerce Center For $115M
5725 Belt Road
Industrial
582,510 SF
582,510 SF
Sold 49 days ago
Summary
Sale
NEVADA
Industrial
582,510 sqft
The Mosaic Commerce Center, a 34-acre industrial park located at 5725 North Belt Road in Las Vegas, Nevada, has been sold for $115 million. The property consists of nine fully leased buildings totaling 582,510 square feet and was acquired by KW Fund VII- North Belt Road, LP from Vincent Schettler - The Mosaic Cos.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $115,000,000
- SF: 582,510
- PPSF: $197
- Address: 5725 North Belt Road
- Market: Las Vegas, Nevada
Vincent Schettler, representing The Mosaic Cos., facilitated the sale of The Mosaic Commerce Center to KW Fund VII- North Belt Road, LP. The property's strategic location near Interstate 15 and the CC-215 Interchange offers a prime position for mid-bay industrial space, meeting the area's increasing demand.
Details
SOLD
IMAGE: Vincent Schettler
DATE: 03/19/2024
ADDRESS: 5725 North Belt Road
MARKET: Las Vegas, Nevada
ASSET TYPE: Industrial ~ ACRES: 34
BUYER: KW Fund VII - North Belt Road LP
SELLER: Vincent Schettler (@VegasVinny70) - The Mosaic Cos.
SALE PRICE: $115,000,000
SF: 582,510 ~ PPSF: $197
NOTE: The Mosaic Commerce Center, a 34-acre industrial park with nine fully leased buildings totaling 582,510 square feet in North Las Vegas, was sold to KW FUND VII- NORTH BELT ROAD, LP for $115 million. This strategic acquisition meets the demand for mid-bay industrial space in the area, positioned near Interstate 15 and the CC-215 Interchange.View on map
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Address5725 Belt Road
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