J.P. Morgan Provides $20 Million Financing For Cheyenne Point Plaza In North Las Vegas
2235 East Cheyenne Avenue
$20,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 23, 2025
AI
The asset involved in this transaction is a fully leased retail center located at 2235 East Cheyenne Avenue, North Las Vegas, NV. The retail center, known as Cheyenne Point Plaza, spans a total of 111,809 square feet and is anchored by Mariana’s Supermarkets. Tenants in this retail space include Dollar General, Intermountain Healthcare, Taco Bell, Panda Express, and Subway.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,000,000
- Lender: J.P. Morgan
- Brokers: Raymond Arjmand & Nader Arjmand - RA Centers
RA Centers played a significant role in securing the financing for this transaction, obtaining a loan amounting to $20 million from J.P. Morgan to facilitate the deal for Cheyenne Point Plaza. The brokers Raymond Arjmand and Nader Arjmand represented the interests of the involved parties in this transaction.
Players
North Las Vegas Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93