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975 American Pacific Drive

Apenzell Investments Acquires Industrial Property In Henderson For $9.6M
SOLDIndustrial

Apenzell Investments Acquires Industrial Property In Henderson For $9.6M

975 American Pacific Drive

$9,600,000

$171/SF

Building Size

55,974 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

Apenzell Investments has acquired a two-story industrial property at 975 American Pacific Drive in Henderson, Nevada. The property, totaling 55,974 square feet, was sold for $9,600,000, resulting in a price per square foot of $172. The transaction took place on November 20, 2023. The seller, Unilev Capital Corp, was represented by Tyler Ecklund of CBRE.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,600,000
  • Address: 975 American Pacific Drive, Henderson, Nevada
  • Market: Henderson, Nevada
  • Buyer: Apenzell Investments
  • Seller: Unilev Capital Corp
  • Broker: Tyler Ecklund - CBRE
  • Square Footage: 55,974 sq ft
  • Price per Square Foot: $172

CBRE facilitated the transaction, with Tyler Ecklund representing the seller, Unilev Capital Corp. Apenzell Investments successfully acquired the industrial property from the seller in this $9.6 million deal.

Players

Tyler Ecklund

CBRE

Broker

$61.1M

vol

6 deals

Broker

Raymond Levy

Unilev Capital

Seller

$101.8M

vol

8 deals

Seller

Fenton 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

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93