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
About this deal
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.
On the Map
$23,200,000
$325/SF
Office
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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