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mountain vista street he

Updated Oct 29, 2024

Alton Industries Acquires 19-Acre Land Parcel In Henderson For $13.6M
SOLDLand

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

Scott Donaghe

Avison Young

Broker

$13.6M

vol

1 deal

Broker

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

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