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:
- 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.
Players
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