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2716 North Tenaya Way, Las ...

Premier Realty Holdings LP Acquires Office Property In Las Vegas For $67M
SOLDOffice

Premier Realty Holdings LP Acquires Office Property In Las Vegas For $67M

2716 North Tenaya Way, Las Vegas, NV, USA

$67,000,000

$328/SF

Building Size

204,100 SF

Asset Type

Office

Closing

Nov 19, 2021

AI

The office property located at 2716 N. Tenaya Way in Las Vegas has been sold in a transaction that took place on November 19, 2021. The property spans across 204,100 square feet and is situated in the Las Vegas market. The sale price for the property was $67,000,000, resulting in a price per square foot of $328.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $67,000,000
  • Address: 2716 N. Tenaya Way, Las Vegas
  • Market: Las Vegas
  • Square Footage: 204,100

Premier Realty Holdings LP acquired the property from Virtua Partners. Representing the buyer was Mike Bench from Voit Real Estate Services, while Marlene Fujita, Rick Reeder, Brad Tecca, and Charles Moore from Cushman & Wakefield represented the seller, Virtua Partners.

Players

Brad Tecca

Newmark

Broker

$503.3M

vol

17 deals

Broker
VP
Virtua PartnersSeller

Las Vegas Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93