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
About this deal
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
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