Updated Dec 10, 2024
Las Vegas Developer Sells El Camino Industrial Center To California Investor For $10.3M
6260 West Pebble Road
$10,300,000
$290/SF
Building Size
35,446 SF
Asset Type
Industrial
Closing
Dec 5, 2024
About this deal
AI
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.
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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93