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Las Vegas Developer Sells El Camino Industrial Center To California Investor For $10.3M
SOLD
$10,300,000
Nevada
See Similar DealsIndustrial35,446 SF
Sold 12/05/2024
SOLD
Las Vegas Developer Sells El Camino Industrial Center To California Investor For $10.3M
6260 West Pebble Road
See Similar DealsIndustrial35,446 SF
Sold 12/05/2024
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$290
Total Square Footage:35,446 SF
Transaction Type:Sale
The property involved in the transaction is located at 6260 West Pebble Road in Las Vegas, NV. This industrial asset spans 35,446 square feet and was constructed in 2023. The sale price for the property was $10,300,000, resulting in a price per square foot of $291.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,300,000
- Square Footage: 35,446
- Price Per Square Foot: $291
- Address: 6260 West Pebble Road
- Market: Las Vegas, NV
The transaction was brokered by Chris Lexis, Joe Leavitt, and James Griffis from Avison Young. Chris Lexis and Joe Leavitt represented the seller, a Las Vegas-based developer, while James Griffis represented the buyer, a California-based private investor.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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