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Link Logistics Acquires Skyline Industrial Portfolio In Las Vegas For $80M

Property Image
SOLD
$80,000,000
Paul Sweetland
Jerry Doty
+ 4

Nevada

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Industrial350,712 SF
Sold 05/04/2023
the dealplayerscompscontact
Property Image
SOLD

Link Logistics Acquires Skyline Industrial Portfolio In Las Vegas For $80M

Las Vegas, Nevada

See Similar Deals
Industrial350,712 SF
Sold 05/04/2023
Paul Sweetland
Jerry Doty
+ 4
Contact now

Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$228
Total Square Footage:350,712 SF
Transaction Type:Sale

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

Gian Bruno
22 deals$2.3B volume(949) 724-5511
BROKER

Michael Kendall
Colliers
21 deals$2.3B volume
BROKER

Daniel "Dan" Doherty
Colliers
4 deals$262.9M volume
BROKER

Paul Sweetland
Colliers
3 deals$239.9M volume
BROKER

Chris Lane
Colliers
3 deals$239.9M volume
BROKER

Jerry Doty
Colliers
4 deals$262.9M volume
BROKER

Kenny Patricia
Colliers
18 deals$2.3B volume
BROKER

Link Logistics Real Estate
BROKERAGE

Details

SOLD
IMAGE: Chris Lane, Gian Bruno, Paul Sweetland, Kenny Patricia, Dan Doherty, Michael Kendall & Jerry Doty DATE: 05/04/2023 ADDRESS: Skyline Industrial Portfolio MARKET: Las Vegas, Nevada ASSET TYPE: Industrial ~ ACRES: 18.41 BUYER: Link Logistics - J.R. Cisneros BROKERS: Michael Kendall, Gian Bruno, Kenny Patricia, Dan Doherty, Paul Sweetland, Chris Lane & Jerry Doty - Colliers SALE PRICE: $80,000,000 SF: 350,712 ~ PPSF: $228 NOTE: Colliers has announced the sale of the Skyline Industrial Portfolio, a six-building development in Las Vegas, to Link Logistics for approximately $80 million. The portfolio, which spans 350,712 square feet across 18.41 acres, is fully leased and is located in a high-demand area with easy access to major supply routes and attractions.

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

$4,266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77