Alton Industries Acquires 19-Acre Land Parcel In Henderson For $13.6M
$13,600,000
Building Size
—
Asset Type
Land
Closing
May 3, 2023
About this deal
AI
Alton Industries has acquired a 19-acre parcel of land in Henderson, Nevada for $13.6 million. The site, located on Whitney Mesa Drive near Sunset Boulevard and Mountain Vista Street, will be developed into a 200,000-square-foot facility to serve as Alton Industries' West Coast headquarters. The land was sold by Roseman University of Health Sciences and The City of Henderson, with representation by Avison Young.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $13,600,000
- Address: Whitney Mesa Drive near Sunset Boulevard and Mountain Vista Street, Henderson, Nevada
- Market: Henderson, Nevada
- Asset Type: Land
- Acres: 19
Chris Lexis, Joe Leavitt, and Scott Donaghe from Avison Young represented both the sellers, Roseman University of Health Sciences and The City of Henderson, as well as the buyer, Alton Industries, in the transaction. Alton Industries plans to construct their West Coast headquarters on the newly acquired land.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93