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2275 Corporate Circle, Hend...

Kingsbarn Realty Capital Acquires Office Buildings In Henderson, Nevada For $114.5M
SOLDOffice

Kingsbarn Realty Capital Acquires Office Buildings In Henderson, Nevada For $114.5M

2275 Corporate Circle, Henderson, Nevada 89074, United States

$114,500,000

$330/SF

Building Size

347,015 SF

Asset Type

Office

Closing

Sep 20, 2022

AI

The office property located at 2275, 2285 & 2370 Corporate Circle and 2475, 2485 & 2495 Village View Drive in Henderson, Nevada has been sold in a recent transaction.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $114,500,000
  • Square Footage: 347,015
  • Price per Square Foot: $330
  • Address: 2275, 2285 & 2370 Corporate Circle; 2475, 2485 & 2495 Village View Drive, Henderson, Nevada
  • Market: Henderson, Nevada

Kingsbarn Realty Capital, represented by Jeff Pori, Philip Mader, and Rusty Osier, acted as the buyer in the transaction. They acquired the property from JMA Ventures LLC and Blue Vista Capital Management LLC, with CBRE serving as the broker.

Players

Jeff Pori

Kingsbarn Realty Capital

Buyer

$432.6M

vol

7 deals

Buyer
KC
Kingsbarn Realty CapitalBuyer

Henderson Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93