Ben Barr's Woodside Health Acquires 43,057 SF Henderson Office Buildings For $9.4M
866 Seven Hills Drive & 870 Seven Hills Drive
$9,400,000
$109/SF
Building Size
86,114 SF
Asset Type
Office
Closing
Feb 15, 2024
AI
Two medical office buildings located at 866 & 870 Seven Hills Drive in Henderson, NV were recently sold in an off-market transaction. The asset, totaling 43,057 square feet, was acquired for $9,400,000, equating to a price per square foot of $218.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,400,000
- Buyer: Ben Barr - Woodside Health
- Seller: Kurt Butten
- Buyer's Rep: Nico Atherton & Shanna Naim - ENS Realty
- Market: Henderson, NV
- Address: 866 & 870 Seven Hills Drive
Shanna Naim and Nico Atherton, acting as Buyer's Representatives for ENS Realty, facilitated the acquisition of the medical office buildings on behalf of the buyer. For more information on similar off-market commercial opportunities nationwide, inquiries can be directed to [email protected] and [email protected].
Players
Henderson 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93