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160 North Stephanie Street

California Private Investor Acquires Henderson Office Building For $13.1M
SOLDOffice

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

Chuck Klein

SRS Real Estate Partners

Broker

$13.1M

vol

2 deals

Broker

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