Updated Dec 4, 2024
Link Logistics Acquires Skyline Industrial Portfolio In Las Vegas For $80M
Las Vegas, Nevada
$80,000,000
$228/SF
Building Size
350,712 SF
Asset Type
Industrial
Closing
May 4, 2023
About this deal
AI
Colliers has announced the sale of the Skyline Industrial Portfolio in Las Vegas, Nevada. The six-building development, located in a high-demand area, has been sold to Link Logistics for approximately $80 million. The portfolio spans 350,712 square feet across 18.41 acres and is fully leased. It offers easy access to major supply routes and attractions.
Summary of transation details
- Property Type: Industrial
- Sale Price: $80,000,000
- Square Footage: 350,712
- Acres: 18.41
- Address: Skyline Industrial Portfolio, Las Vegas, Nevada
- Market: Las Vegas, Nevada
The transaction was facilitated by Colliers, with a team of brokers including Michael Kendall, Gian Bruno, Kenny Patricia, Dan Doherty, Paul Sweetland, Chris Lane, and Jerry Doty representing both the seller and the buyer. The deal represents a significant investment in the Las Vegas industrial market.
Players
Las Vegas 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93