Kingsbarn Realty Capital Acquires Office Property In Henderson, NV For $114.5M
SOLD
$114,500,000
+ 2
Nevada
See Similar DealsOffice347,015 SF
Sold 09/22/2022
SOLD
Kingsbarn Realty Capital Acquires Office Property In Henderson, NV For $114.5M
2285 Corporate Circle, Henderson, Nevada 89074, United States
See Similar DealsOffice347,015 SF
Sold 09/22/2022
+ 2
Summary
NEVADA
Asset Type:Office
Price Per Square Foot:$330
Total Square Footage:347,015 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$406,794.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$542,788.42
Annual Debt Service$6,513,460.98
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