Invesco LTD Purchases Development Site From Brass Cap In Las Vegas For $20.06M
SOLD
$20,055,000
Nevada
See Similar DealsDevelopment Site
Sold 08/02/2021
SOLD
Invesco LTD Purchases Development Site From Brass Cap In Las Vegas For $20.06M
1361 Helm Dr
See Similar DealsDevelopment Site
Sold 08/02/2021
Summary
NEVADA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,069,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,251.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,070.93
Annual Debt Service$1,140,851.18
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