Karen DeGasperis REALTOR

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Photo
Property TypeIndustrial
LocationLas Vegas, Nevada
TitleDefaulted Freestanding Industrial Building with Fenced Yard in Las Vegas Cannabis Zone
Summary

Defaulted Freestanding Industrial Building with Fenced Yard
in Las Vegas Cannabis Zone

Details

Single Tenant Building at 7,954 SF on 21344 SF Lot
Freestanding with Fenced Yard 4,500+/-SF
3 Phase Power 277/480 Volt-400 Amps
1 Grade Door with a pre-cut punch for a second roll up door
Approximately 800+/SF of office and 7,154+/-SF Warehouse
Just East of McCarran International Airport
Insulated Warehouse Ceilings
4.9 Miles from Town Square and Las Vegas Blvd
Built in 2005 with New Office Improvements
21'+/- Clear Height
Sprinklers

Note Details

Original Loan Amount $1,200,000
Original Interest Rate 11.99%
Current Default Rate 25%
Maturity Date 10/2024
NOD Filed in 8/2024
Trustee Sale Set for Feb 2025
Appraised Value $2,400,000

Current Unpaid Balance$1,510,000.00
Date UpdatedMay 15, 2025