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Apenzell Investments Acquires Industrial Property In Henderson For $9.6M

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SOLD
$9,600,000

Nevada

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Industrial55,974 SF
Sold 11/20/2023
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Property Image
SOLD

Apenzell Investments Acquires Industrial Property In Henderson For $9.6M

975 American Pacific Drive

See Similar Deals
Industrial55,974 SF
Sold 11/20/2023
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Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$171
Total Square Footage:55,974 SF
Transaction Type:Sale

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
6 deals$61.1M volume(702) 369-4828
BROKER

Details

SOLD
IMAGE: Raymond Levy & Tyler Ecklund DATE: 11/20/2023 ADDRESS: 975 American Pacific Drive MARKET: Henderson, Nevada ASSET TYPE: Industrial BUYER: Apenzell Investments SELLER: Unilev Capital Corp - Raymond Levy BROKER: Tyler Ecklund - CBRE (@CBRE) SALE PRICE: $9,600,000 SF: 55,974 ~ PPSF: $172 NOTE: CBRE has brokered the $9.6 million sale of a two-story industrial property at 975 American Pacific Drive in Henderson. Apenzell Investments acquired the 55,974-square-foot building from Unilev Capital Corp., with Tyler Ecklund of CBRE representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$511,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77