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Greenlite Partners Sells Office Property In Las Vegas For $26M

Property Image
SOLD
$26,000,000

Nevada

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Office67,145 SF
Sold 07/26/2022
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Property Image
SOLD

Greenlite Partners Sells Office Property In Las Vegas For $26M

9075 West Diablo Drive, Las Vegas, Nevada 89148, United States

See Similar Deals
Office67,145 SF
Sold 07/26/2022
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Summary

NEVADA
Asset Type:Office
Price Per Square Foot:$387
Total Square Footage:67,145 SF
Transaction Type:Sale

The office property located at 9075 W Diablo Dr in Las Vegas, NV has been sold. The seller, Greenlite Partners, enlisted the services of Marlene Fujita Winkel from Cushman & Wakefield as the broker who represented them in the transaction. The sale price for the property was $26,000,000, with a total area of 67,145 square feet. The price per square foot came to $387.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $26,000,000
  • Address: 9075 W Diablo Dr, Las Vegas, NV
  • Market: Las Vegas, NV
  • Seller: Greenlite Partners
  • Broker: Marlene Fujita Winkel - Cushman & Wakefield
  • Size: 67,145 square feet
  • Price per Square Foot: $387

Marlene Fujita Winkel, an experienced broker from Cushman & Wakefield, played a crucial role in facilitating the transaction. The collaboration between Greenlite Partners and Marlene Fujita Winkel resulted in the successful sale of the office property at 9075 W Diablo Dr. This deal showcases the negotiation and expertise of both parties involved.

Players

Marlene Fujita Winkel
10 deals$381.7M volume
BROKER

Details

SOLD
IMAGE: Marlene Fujita Winkel DATE: 07/26/2022 ADDRESS: 9075 W Diablo Dr MARKET: Las Vegas, NV ASSET TYPE: Office SELLER: Greenlite Partners BROKER: Marlene Fujita Winkel - Cushman & Wakefield SALE PRICE: $26,000,000 SF: 67,145 ~ PPSF: $387

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,386,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17