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Winter-2022

Panattoni Speculative Industrial Building

By: SIOR Report

Categories:

Behind the Deal

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 afermanis@sior.com

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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.