Mark Davis Sells Summerlin Condo In Nevada For $10.5M
Summerlin, Las Vegas, Nevada, United States
$10,500,000
$5,250,000/SF
Building Size
2 SF
Asset Type
Condo
Closing
Jan 11, 2023
About this deal
AI
The property asset involved in this transaction is a condo located in Summerlin, Nevada. It was sold by Mark Davis, the owner of the Raiders. The sale price for this condo was $10,500,000. The condo has a total area of 2,862 square feet, with a price per square foot of $3,669.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,500,000
- SF: 2,862
- PPSF: $3,669
- Seller: Mark Davis - Raiders Owner
- Market: Summerlin, Nevada
Mark Davis, as the owner of the Raiders, represented himself in the sale. The transaction took place on January 12, 2023.
Players
Las Vegas Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $5.3M per square foot on a published $10.5M for 2 square feet (2023).
Browse Nevada condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93