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
About this deal
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