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M&R Office Sells Las Vegas Office Building To Private Investor For $2.4M
SOLD
$2,400,000
Nevada
See Similar DealsOffice4,176 SF
Sold 05/31/2024
SOLD
M&R Office Sells Las Vegas Office Building To Private Investor For $2.4M
10781 West Twain Avenue
See Similar DealsOffice4,176 SF
Sold 05/31/2024
Summary
NEVADA
Asset Type:Office
Price Per Square Foot:$574
Total Square Footage:4,176 SF
Transaction Type:Sale
The office building located at 10781 West Twain Avenue in Las Vegas, Nevada was sold for $2,400,000. The 4,176-square-foot property was constructed in 2006 within the Summerlin master-planned community. It features a versatile floor plan suitable for various purposes, emphasizing efficiency and flexibility.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,400,000
- Address: 10781 West Twain Avenue
- Market: Las Vegas, Nevada
- Square Footage: 4,176
- Price per Square Foot: $575
- Seller: M&R Office
- Brokers: Marc Magliarditi, Michael Hsu & Travis Landes - CBRE
The sale of the office building was facilitated by the brokers Marc Magliarditi, Michael Hsu, and Travis Landes from CBRE, representing the seller M&R Office in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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