Updated Oct 29, 2024
R.E. Michel Co. Acquires 17.8K SF Warehouse Property In Henderson For $4.7M
7440 Commercial Way Henderson, Nevada 89011, USA
$4,700,000
$264/SF
Building Size
17,776 SF
Asset Type
Industrial
Closing
Aug 16, 2023
About this deal
AI
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.
Players
Henderson 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93