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
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