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R.E. Michel Co. Acquires 17.8K SF Warehouse Property In Henderson For $4.7M

7440 Commercial Way
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This Industrial property located in NV was sold for $4,700,000 7 months ago. The brokers of the deal were Joe Leavitt, Chris Lexis, and James Griffis

The $4.7 million sale of a 17,776-square-foot office and warehouse property in Henderson, Nevada has been arranged by Avison Young. The property, located at 7440 Commercial Way, features office space, high clear heights, and dock-level doors. It was sold by Diamond Mountain Properties to R.E. Michel Co., a wholesale distributor of HVAC/R equipment.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $4,700,000
  • Square Footage: 17,776
  • Address: 7440 Commercial Way
  • Market: Henderson, Nevada

The sale of the property was facilitated by Joe Leavitt, Chris Lexis, and James Griffis, brokers from Avison Young. R.E. Michel Co., the buyer, is a reputable wholesale distributor of HVAC/R equipment.

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Deals
  • Location
    7440 Commercial Way Henderson, Nevada 89011, USA7440 Commercial Way Henderson, Nevada 89011, USA
  • Sale Price
    $4,700,000$4,700,000
    $264 PPSF$264 PPSF
  • Area
    17,776 SF17,776 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Joe Leavitt

Joe Leavitt

Deals2
Sold$4.7M

Agency

Avison Young

Avison Young

Agency
Deals798
Volume$16.5B

Deal Summary

SALE IMAGE: Joe Leavitt, Chris Lexis & James Griffis DATE: 08/16/2023 ADDRESS: 7440 Commercial Way MARKET: Henderson, Nevada ASSET TYPE: Industrial ~ ACRES: 1.2 BUYER: R.E. Michel Co. SELLER: Diamond Mountain Properties BROKERS: Joe Leavitt, Chris Lexis & James Griffis - Avison Young SALE PRICE: $4,700,000 SF: 17,776 ~ PPSF: $264 NOTE: Avison Young arranged the $4.7 million sale of a 17,776-square-foot office and warehouse property in Henderson from Diamond Mountain Properties to R.E. Michel Co., a wholesale distributor of HVAC/R equipment. The property features office space, high clear heights, and dock-level doors.

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7440 Commercial Way

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