Updated Dec 12, 2024
California Private Investor Acquires Industrial Property At 5780 Edmond Street For $12.5M
5780 South Edmond Street
$12,500,000
$249/SF
Building Size
50,100 SF
Asset Type
Industrial
Closing
Dec 10, 2024
About this deal
AI
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.
Players
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93