Updated Dec 4, 2024
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
About this deal
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
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