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California Private Investor Acquires Industrial Property At 5780 Edmond Street For $12.5M
SOLD
$12,500,000
Nevada
See Similar DealsIndustrial50,100 SF
Sold 12/10/2024
SOLD
California Private Investor Acquires Industrial Property At 5780 Edmond Street For $12.5M
5780 South Edmond Street
See Similar DealsIndustrial50,100 SF
Sold 12/10/2024
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$249
Total Square Footage:50,100 SF
Transaction Type:Sale
The property at 5780 Edmond Street, an industrial asset situated in Las Vegas, NV, has been sold for $12,500,000. This property spans a total area of 50,100 square feet, with a price per square foot of $250. It is fully leased to Loomis U.S. and was traded off-market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Address: 5780 Edmond Street
- Market: Las Vegas, NV
- Square Footage: 50,100
- Price per Square Foot: $250
Chris Lexis, James Griffis, and Joe Leavitt from Avison Young facilitated the transaction, representing the seller in this deal. The buyer is a California-based private investor who acquired the property as a fully leased investment opportunity.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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