GFI Realty Services Acquires 29-Acre Development Site In Henderson, NV For $13.8M
SOLD
$13,795,000
Nevada
See Similar DealsDevelopment Site1,254,092 SF
Sold 11/12/2021
SOLD
GFI Realty Services Acquires 29-Acre Development Site In Henderson, NV For $13.8M
15260 S Las Vegas Blvd, Henderson, NV, USA
See Similar DealsDevelopment Site1,254,092 SF
Sold 11/12/2021
Summary
NEVADA
Asset Type:Development Site
Price Per Square Foot:$11
Total Square Footage:1,254,092 SF
Transaction Type:Sale
A development site located at 15260 S. Las Vegas Blvd. in Henderson, NV has been sold. The property spans approximately 29 acres and is situated in a prime location.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $13,795,000
- Address: 15260 S. Las Vegas Blvd., Henderson, NV
- Market: Henderson, NV
The seller of the property was Brass Cap, represented by Mike Chernine. The buyer was facilitated by Joshua Peck and Susan Annis of GFI Realty Services.
This transaction marks a significant deal for both the seller and buyer in the real estate market. The sale of the property at such a high value demonstrates its potential for development and future growth.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$735,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,010.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,395.34
Annual Debt Service$784,744.05
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