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2285 Corporate Circle, Hend...

Kingsbarn Realty Capital Acquires Office Property In Henderson, NV For $114.5M
SOLDOffice

Kingsbarn Realty Capital Acquires Office Property In Henderson, NV For $114.5M

2285 Corporate Circle, Henderson, Nevada 89074, United States

$114,500,000

$330/SF

Building Size

347,015 SF

Asset Type

Office

Closing

Sep 21, 2022

AI

The office property located at 2285 Corporate Cir in Henderson, NV has been sold in a transaction. The property spans a total area of 347,015 square feet and was sold at a price of $114,500,000, resulting in a price per square foot of $330.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $114,500,000
  • Address: 2285 Corporate Cir, Henderson, NV
  • Market: Henderson, NV

The buyer in this transaction is Kingsbarn Realty Capital, while the sellers are JMA Ventures and Blue Vista Capital Management. The sale was facilitated by the brokers Tyler Ecklund, James Griffis, Brad Peterson, Darren Lemmon, and Justin Witt from CBRE.

Players

Tyler Eklund

CBRE

Broker

$149.5M

vol

2 deals

Broker
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