Moonwater Capital Refinances Las Vegas Office Building On W. Sahara Ave. For $116M
6226 West Sahara Avenue, Las Vegas, Nevada 89146, United States
$116,000,000
$189/SF
Building Size
611,000 SF
Asset Type
Office
Closing
Feb 3, 2022
AI
A refinance loan has been secured for an office property located at 6226 W. Sahara Ave in Las Vegas. The property spans a total of 611,000 square feet.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $116,000,000
The loan was provided by Citi Real Estate Funding Inc. and Barclays Capital Real Estate Inc. to the landlord, Moonwater Capital. Shlomi Ronen from Dekel Capital served as the broker for this transaction.
Note: No additional information was provided in the context.
Players
Las Vegas Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93