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10781 West Twain Avenue

M&R Office Sells Las Vegas Office Building To Private Investor For $2.4M
SOLDOffice

M&R Office Sells Las Vegas Office Building To Private Investor For $2.4M

10781 West Twain Avenue

$2,400,000

$574/SF

Building Size

4,176 SF

Asset Type

Office

Closing

May 31, 2024

AI

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:

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.

Players

Michael Hsu

CBRE

Broker

$40M

vol

5 deals

Broker

Las Vegas Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93