Panattoni Speculative Industrial Building

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

Buildout
Bridge
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