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5650 West Badura Avenue, La...

Updated Oct 28, 2024

County Of Clark Sells Beltway Business Park In Las Vegas For $205M With Seller's Rep Bob Drury - Crexi Commercial Real Estate
SOLDMixed-use

County Of Clark Sells Beltway Business Park In Las Vegas For $205M With Seller's Rep Bob Drury - Crexi Commercial Real Estate

5650 West Badura Avenue, Las Vegas, NV 89118, USA

$205,000,000

Building Size

Asset Type

Mixed-use

Closing

Dec 1, 2021

About this deal

AI

The County of Clark has sold a mixed-use property located at Beltway Business Park, 5650 Badura Ave in Las Vegas, NV. The property spans over 351 acres and was recently transacted in a record-setting online sale for $205,000,000. The sale was facilitated by Bob Drury of Crexi Commercial Real Estate, who represented the seller in the transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $205,000,000
  • Date: 12/01/2021
  • Address: Beltway Business Park - 5650 Badura Ave, Las Vegas, NV
  • Market: Las Vegas, NV
  • Size: 351 acres
  • Seller: County of Clark
  • Seller's Representative: Bob Drury - Crexi Commercial Real Estate
  • Asking Price: $155,475,000

This transaction marked a significant milestone as it became the highest-priced single asset online sale, showcasing the efficacy of the Crexi Auction platform. Crexi has digitally supported over $1.2 billion in assets and has significantly increased client leads by 17 times on average, providing a seamless and efficient online marketplace for real estate transactions.

For more information about this transaction, please reach out to Crexi's VP of Transactions, Robert Anderson, at [email protected].

Players

Bob Drury

Broker

$205M

vol

1 deal

Broker

Las Vegas Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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