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Property Information

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  • Price: $4,264,000
  • Property Size: 44,800 SF
  • Land Area: 2 Acres
  • Cap Rate: 5.75%
  • NOI: $245,280
  • Lease Type: NNN
  • $/SF: $95.18
  • Occupancy: 93%
  • Property Type: Industrial
  • Property Status: For Sale

Description

The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a ± 44,800 SF industrial multi-tenant investment opportunity in the North Las Vegas submarket. The Property consists of two (2) buildings that total ± 44,800 SF with suites ranging from 3,200 SF to 9,600 SF with 1 grade level overhead loading door in each suite.

Highlights

  • Rare multi-tenant industrial investment
  • Current rents average 25% below market (average rents are $0.46 PSF/month vs a market rate of $0.57 PSF/month)
  • Priced below replacement cost with asking price of $95 PSF
  • North Las Vegas experienced highest absorption of industrial space in the valley in 2017
  • North Las Vegas is largest and most active industrial sub-market

Contact info

Cathy Jones
Cathy Jones
(702) 968-7320(702) 595-8765
Linkedin
Roy Fritz
Roy Fritz
(702) 968-7322(702) 482-9675
Linkedin

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