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866 Seven Hills Drive

Ben Barr's Woodside Health Acquires 43,057 SF Henderson Office Buildings For $9.4M
SOLDOffice

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

Shanna Naim

Skyview Real Estate Partners

Broker

$43.9M

vol

33 deals

Broker

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