facebook
Traded Co logo
Submit

ElmTree Funds Acquires Industrial Property In North Las Vegas, NV For $63.5M

Property Image
SOLD
$63,500,000

Nevada

See Similar Deals
Industrial147,000 SF
Sold 09/13/2022
the dealplayerscompscontact
Property Image
SOLD

ElmTree Funds Acquires Industrial Property In North Las Vegas, NV For $63.5M

650 East Owens Avenue, North Las Vegas, Nevada 89030, United States

See Similar Deals
Industrial147,000 SF
Sold 09/13/2022
Contact now

Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$432
Total Square Footage:147,000 SF
Transaction Type:Sale

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

BUYER



Amazon
TENANT

Details

SOLD
IMAGE: Doug Roberts DATE: 09/13/2022 ADDRESS: 650 E. Owens Ave MARKET: North Las Vegas, NV ASSET TYPE: Industrial BUYER: ElmTree Funds SELLER: Panattoni Development Co. Inc - Doug Roberts TENANT: Amazon SALE PRICE: $63,500,000 SF: 147,000 ~ PPSF: $432

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,386,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$225,602.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$301,022.40
Annual Debt Service$3,612,268.75