Invesco LTD Purchases Development Site From Brass Cap In Las Vegas For $20.06M
1361 Helm Dr
$20,055,000
Building Size
—
Asset Type
Development Site
Closing
Aug 2, 2021
AI
The property asset involved in the transaction is a development site located at 1361 Helm Dr in the Las Vegas market. The transaction was completed for a total price of $20,055,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,055,000.00
- Buyer: Invesco LTD
- Seller: Brass Cap
- Sale Date: 08/02/2021
- Brokers: Josh Peck, Susan Annis (GFI Realty Services)
This deal was facilitated by Josh Peck and Susan Annis, who represented the respective parties involved. Invesco LTD was the buyer and Brass Cap the seller, marking a significant transaction in the Las Vegas area.
Players
Las Vegas Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93