California Private Investor Acquires Henderson Office Building For $13.1M
160 North Stephanie Street
$13,100,000
$388/SF
Building Size
33,764 SF
Asset Type
Office
Closing
Nov 21, 2023
AI
SRS Real Estate Partners has facilitated the sale-leaseback of a single-tenant office building located at 160 N. Stephanie St. in Henderson, NV. The asset was acquired by a California-based private investor from Green Valley Grocery for $13.1 million. The office building spans 33,764 square feet and was sold at a price of $388 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,100,000
- Address: 160 North Stephanie Street, Henderson, NV
- Market: Henderson, NV
Brian Riffel of Colliers International represented the buyer in this transaction, while Chuck Klein from SRS Real Estate Partners acted as the seller's representative. This sale-leaseback transaction highlights the collaboration between the involved parties, with the private investor benefiting from an attractive investment opportunity in the Henderson market.
Players
Henderson 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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93