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Panattoni Speculative Industrial Building

By: SIOR Report

Las Vegas, Nevada

SIMMONS_AIRPARK_1 copy

TRANSACTION TYPE & DETAILS

Date: September 2022

Transaction Type: Sale

Property Type: Industrial Land

Size: 9.19 acres

Sale Price: $10,000,000 USD

 
"I was introduced to Panattoni through SIOR early in my career. Getting to know their Las Vegas market officers was a great advantage as I earned my designation. When this opportunity presented itself, it was easy to reach out. The SIOR network kick-started my relationship with a great client."




Market Situation
  • 180,139 sq. ft. of speculative industrial building.
  • Well located near North Las Vegas airport.
  • Highly desirable M-1 zoning.
Transaction Profile
  • Capital sourced through a challenging rate environment.
  • Off-market transaction.
  • Streamlined due-diligence process.



PARTICIPANTS & INFORMATION PROVIDED BY

Eric J. Larkin, SIOR

Leslie Houston, SIOR Member Associate

Michael Kenny, SIOR

 

Media Contact
Alexis Fermanis SIOR Director of Communications
SIOR Report
SIOR Report
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media@sior.com
www.sior.com

The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®  is the leading global professional office and industrial real estate association.  SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.