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
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