Updated Dec 3, 2024
ElmTree Funds Acquires Industrial Property In North Las Vegas, NV For $63.5M
650 East Owens Avenue, North Las Vegas, Nevada 89030, United States
$63,500,000
$432/SF
Building Size
147,000 SF
Asset Type
Industrial
Closing
Sep 12, 2022
About this deal
AI
The industrial property located at 650 E. Owens Ave in North Las Vegas, NV has been sold for $63,500,000. The property spans 147,000 square feet, resulting in a price per square foot of $432. The transaction took place on September 13, 2022. Doug Roberts captured an image of the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $63,500,000
- Address: 650 E. Owens Ave, North Las Vegas, NV
- Market: North Las Vegas, NV
- Image captured by: Doug Roberts
- Transaction Date: September 13, 2022
- Buyer: ElmTree Funds
- Seller: Panattoni Development Co. Inc - Doug Roberts
- Tenant: Amazon
- Square Footage: 147,000
- Price per Square Foot: $432
The buyer of the property is ElmTree Funds, while Panattoni Development Co. Inc represented the seller, Doug Roberts. Additionally, the property is currently occupied by Amazon as a tenant.
Players
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93