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

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SOLD
$45,200,000

Nevada

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Industrial246,400 SF
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SOLD

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

6115 N Nicco Way North Las Vegas, NV 89115

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Industrial246,400 SF
Sold
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Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:246400 SF
Transaction Type:Sale

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

1 deal$45.2M volume
BUYER

Details

SOLD
IMAGE: Wes Swenson & Dave Harrison DATE: 09/21/2022 ADDRESS: 6115 N. Nico Way MARKET: Las Vegas, NV ASSET TYPE: Industrial ~ ACRES: 15.3 BUYER: Novva Data Centers (@Novvadc) - Wes Swenson SELLER: VanTrust Real Estate (@VanTrustRE) - Dave Harrison SALE PRICE: $45,200,000 SF: 246,400 ~ PPSF: $183

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Net Operating Income (NOI)

$2,410,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$160,586.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$214,271.06
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