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2235 East Cheyenne Avenue

J.P. Morgan Provides $20 Million Financing For Cheyenne Point Plaza In North Las Vegas
FINANCEDRetail

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:

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

Raymond Arjmand

RA Centers

Broker

$20M

vol

1 deal

Broker
RC
RA CentersBrokerage

North Las Vegas Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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