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1361 Helm Dr

Invesco LTD Purchases Development Site From Brass Cap In Las Vegas For $20.06M
SOLDDevelopment Site

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:

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

Joshua Peck

GFI Realty Services

Broker

$232M

vol

13 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage
BC
Brass CapSeller

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