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3D Investments Acquires Mixed-Use Property On Rampart Blvd In Las Vegas For $216M

Property Image
SOLD
$216,000,000

California

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Mixed-use669,406 SF
Sold 01/12/2022
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Property Image
SOLD

3D Investments Acquires Mixed-Use Property On Rampart Blvd In Las Vegas For $216M

400 South Rampart Boulevard, Los Angeles, CA 90057

See Similar Deals
Mixed-use669,406 SF
Sold 01/12/2022
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$322
Total Square Footage:669,406 SF
Transaction Type:Sale

A mixed-use property located at 400 S. Rampart Blvd in Las Vegas, Nevada was recently sold in a transaction. Spanning over 28.4 acres, this property offered a versatile combination of residential, commercial, and retail spaces.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $216,000,000
  • Address: 400 S. Rampart Blvd, Las Vegas, Nevada
  • Market: Las Vegas, Nevada
  • Buyer: 3D Investments LLC
  • Seller: Property And Building Corp. - Eli Elefant & Ethan Kingsley & IDB Group USA
  • Broker: Marlene Fujita Winkel - Cushman & Wakefield
  • Size: 669,406 square feet
  • Price per Square Foot: $322

The buyer in this transaction, 3D Investments LLC, successfully acquired the property from the seller, Property And Building Corp. - Eli Elefant & Ethan Kingsley & IDB Group USA. Facilitating the deal was Marlene Fujita Winkel from Cushman & Wakefield, serving as the broker representing the involved parties. The property's unique mix of residential, commercial, and retail spaces made it an attractive investment opportunity. The price per square foot of $322 showcases the value placed on this versatile asset.

Players

Marlene Fujita Winkel
10 deals$381.7M volume
BROKER

Details

SOLD
IMAGE: Marlene Fujita Winkel DATE: 01/12/2022 ADDRESS: 400 S. Rampart Blvd. MARKET: Las Vegas, Nevada ASSET TYPE: Mixed-use ~ ACRES: 28.4 BUYER: 3D Investments LLC SELLER: Property And Building Corp. - Eli Elefant & Ethan Kingsley & IDB Group USA BROKER: Marlene Fujita Winkel - Cushman & Wakefield SALE PRICE: $216,000,000 SF: 669,406 ~ PPSF: $322

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$767,402.38
Cash-on-Cash Return-1.27%
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