Overview

Asset class Real Estate
Property type Industrial
Current value $35,500,000
Acquisition price $31,000,000
Total appreciation $4,500,000
Rental yield 6.9%
Occupancy rate 95.0%
Fund
FNTVS Income eREIT
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Performance

+14.5% Total Appreciation
$4,500,000 Appreciation Value
$2,450,000 Annual Rental Income
6.9% Rental Yield
Property Value Performance
Acquisition: $31,000,000
Current: $35,500,000
Total Appreciation: +14.5%
Holding Period: 39 months

Financial Details

Investment Overview
Acquisition price $31,000,000
Current market value $35,500,000
Total appreciation $4,500,000
Appreciation percentage +14.5%
Cash Flow Analysis
Annual rental income $2,450,000
Operating expenses $490,000
Net operating income $1,960,000
Net cash flow $1,960,000
Rental yield 6.90%
Cap rate 5.5%
Cash-on-cash return 6.32%
Risk Metrics
Debt-to-value ratio 0.0%
Occupancy rate 95.0%
Holding period 40 months
Return Breakdown
Rental income yield 6.9%
Appreciation contribution 14.5%
Cash yield 0.0%
Total return 21.4%

Property Information

Basic Information
Property type Industrial
Property class Class A
Location Las Vegas, NV
Acquisition date Feb 6, 2023
Status Active
Income producing Yes
Physical Characteristics
Total square footage 140,000 sq ft
Rentable square footage 138,000 sq ft
Number of units 1
Number of floors 1
Year built 2022
Price per sq ft $253.57
Investment Strategy
Strategy type Value Add
Projected exit date Feb 2028
Fund ownership 100.0%
Key Metrics
Cap rate 5.5%
Cash flow $1,960,000
Debt-to-value 0.0%
Units 1
Square footage 140,000 sq ft
Rent per sq ft $17.75/yr
Investment Thesis

215 Interchange in Las Vegas represents a value-add industrial investment positioned to benefit from strong logistics demand driven by population growth, e-commerce expansion, and regional distribution needs. Acquired during a period of pricing dislocation, the asset offers upside through lease-up, rent growth, and operational stabilization while maintaining downside protection due to its Class A quality and strategic location along the I-215 corridor. With continued supply constraints and increasing institutional demand for well-located industrial assets in the Las Vegas market, the property is expected to generate stable income and long-term appreciation over the hold period.

Location

5855 North Hollywood Boulevard

Las Vegas, NV 89115, US

Full Address

5855 North Hollywood Boulevard
Las Vegas, NV 89115

Property Type

Industrial - Class A

Year Built

2022

Property Size

140,000 sq ft

Amenities & Features

Property Amenities

Dock-high loading bays
ESFR fire sprinkler system
Secured truck court

Key Investment Features

Prime location along the I-215 Las Vegas beltway
Class A institutional-quality industrial design
Strong demand from logistics and e-commerce tenants
Limited industrial supply pipeline in key submarkets

Our strategy

Real Estate Investment Strategy

Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation

  • Expected variability of return: Low to Moderate
  • Timing of expected return: Quarterly distributions from rental income
  • Primary expected source of returns: Rental income and property appreciation
  • Asset focus: Income-generating properties in growing markets
  • Geographic strategy: Diversified across major metropolitan markets
  • Property management: Professional third-party management with institutional oversight
More about our real estate strategy

This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Real estate strategy icon

Fund information

FNTVS Income eREIT

Open Real Estate Fund

The Income eREIT is designed to generate current income by acquiring and managing income-producing real estate.