Anchor Health Properties - James Schmid Acquires Office Building In Summerlin, Las Vegas For $45.6M
SOLD
$45,600,000
Nevada
See Similar DealsOffice129,000 SF
Sold 10/13/2021
SOLD
Anchor Health Properties - James Schmid Acquires Office Building In Summerlin, Las Vegas For $45.6M
450 South Rampart Boulevard, Las Vegas, NV, USA
See Similar DealsOffice129,000 SF
Sold 10/13/2021
Summary
NEVADA
Asset Type:Office
Price Per Square Foot:$353
Total Square Footage:129,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,431,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$162,007.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$216,167.26
Annual Debt Service$2,594,007.17
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