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6115 N Nicco Way North Las ...

Novva Data Centers Acquires 15.3 Acre Industrial Property In Las Vegas For $45.2M
SOLDIndustrial

Novva Data Centers Acquires 15.3 Acre Industrial Property In Las Vegas For $45.2M

6115 N Nicco Way North Las Vegas, NV 89115

$45,200,000

$183/SF

Building Size

246,400 SF

Asset Type

Industrial

Closing

Sep 20, 2022

AI

The 15.3-acre industrial property located at 6115 N. Nico Way in Las Vegas, NV was recently sold. The transaction took place on 09/21/2022 and the buyer was Novva Data Centers, represented by Wes Swenson. The seller of the property was VanTrust Real Estate, represented by Dave Harrison. The sale price for the property was $45,200,000. The total square footage of the property is 246,400, resulting in a price per square foot of $183.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $45,200,000
  • Address: 6115 N. Nico Way, Las Vegas, NV
  • Market: Las Vegas, NV
  • Buyer: Novva Data Centers - Wes Swenson
  • Seller: VanTrust Real Estate - Dave Harrison
  • Square Footage: 246,400
  • Price per Square Foot: $183

Wes Swenson of Novva Data Centers and Dave Harrison of VanTrust Real Estate were the key individuals involved in the transaction. They represented the buyer and seller, respectively.

Players

Wes Swenson

Buyer

$45.2M

vol

1 deal

Buyer

Dave Harrison

VanTrust Real Estate

Seller

$284.4M

vol

6 deals

Seller

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93