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2500 Paseo Verde Parkway

Partners Capital Inc & CNR Retail Acquires Office Complex In Henderson For $17.25M
SOLDOffice

Partners Capital Inc & CNR Retail Acquires Office Complex In Henderson For $17.25M

2500 Paseo Verde Parkway & 2550 Paseo Verde Parkway

$17,250,000

$94/SF

Building Size

183,484 SF

Asset Type

Office

Closing

Mar 19, 2024

AI

The Green Valley Corporate Center South in Henderson, NV, consisting of two Class A office buildings located at 2500 Paseo Verde Parkway & 2550 Paseo Verde Parkway, was sold for $17,250,000. The total square footage of the property is 91,742, resulting in a price per square foot of $188.

Summary of transaction details:

Colliers International represented the buyers, Partners Capital Inc and CNR Retail, in the acquisition of Green Valley Corporate Center South. On the other hand, CBRE acted as the seller's representative, facilitating the transaction between the buyers and the sellers.

Players

Michael Hsu

CBRE

Broker

$40M

vol

5 deals

Broker

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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93