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5475 S Decatur BlvdLas Vega...

BKM Capital Partners And TerraCore Capital Acquire Decatur Business Center In Las Vegas For $25.9M
SOLDIndustrial

BKM Capital Partners And TerraCore Capital Acquire Decatur Business Center In Las Vegas For $25.9M

5475 S Decatur BlvdLas Vegas, NV 89118, USA

$25,900,000

Building Size

Asset Type

Industrial

Closing

May 1, 2023

AI

An 88,205-square-foot industrial property located at 5475 South Decatur Boulevard in Las Vegas, Nevada has been acquired by BKM Capital Partners and TerraCore Capital for a total of $25.9 million. The property, known as Decatur Business Center, was fully leased at the time of purchase and was sold by Terry York Properties and Heller Cos. The new owners have plans to renovate the property.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $25,900,000
  • Buyer: BKM Capital Partners - Brian Malliet; TerraCore Capital - Daniel Grunberg
  • Seller: Terry York Properties & Heller Cos.

BKM Capital Partners, represented by Brian Malliet, and TerraCore Capital, represented by Daniel Grunberg, were the buyers in this transaction. Terry York Properties and Heller Cos. served as the sellers. The acquisition of Decatur Business Center allows BKM Capital Partners and TerraCore Capital to expand their investment portfolios in the industrial sector in Las Vegas.

Players

P
PropertiesSeller

Las Vegas Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93