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6725 Via Austi Parkway, Las...

Dornin Investment Group Sells Office Building In Las Vegas For $23.2M
SOLDOffice

Dornin Investment Group Sells Office Building In Las Vegas For $23.2M

6725 Via Austi Parkway, Las Vegas, Nevada 89119, United States

$23,200,000

$325/SF

Building Size

71,378 SF

Asset Type

Office

Closing

Jul 24, 2022

AI

The Dornin Investment Group has recently sold an office property located at 6725 Via Austi Parkway in Las Vegas, NV for a price of $23,200,000. The property spans an area of 71,378 square feet, resulting in a price per square foot of $325. Marlene Fujita Winkel, Charles Moore, and Alex Casingal from Cushman & Wakefield acted as the brokers in this transaction.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $23,200,000
  • Address: 6725 Via Austi Parkway, Las Vegas, NV
  • Market: Las Vegas, NV

The sellers in this deal were the Dornin Investment Group, while the buyer's representative was Marlene Fujita Winkel, Charles Moore, and Alex Casingal from Cushman & Wakefield. This transaction highlights the strong demand for office properties in the Las Vegas market, with the property being sold at a significant price per square foot of $325.

Players

Marlene Fujita Winkel

Cushman & Wakefield

Broker

$381.7M

vol

10 deals

Broker
DG
Dornin Investment GroupSeller

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

0.68%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93