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
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