Anchor Health Properties - James Schmid Acquires Office Building In Summerlin, Las Vegas For $45.6M
450 South Rampart Boulevard, Las Vegas, NV, USA
$45,600,000
$353/SF
Building Size
129,000 SF
Asset Type
Office
Closing
Oct 13, 2021
AI
An office property located at 450 S. Rampart Blvd. in Summerlin, Las Vegas has been sold. The property spans 129,000 square feet and was sold for a total price of $45,600,000, resulting in a price per square foot of $350. The transaction took place on October 13, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,600,000
- Address: 450 S. Rampart Blvd., Summerlin, Las Vegas
- Square Footage: 129,000
- Price per Square Foot: $350
- Market: Summerlin, Las Vegas
The buyer of the property is Anchor Health Properties, represented by James Schmid. The seller is Stable Development.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93