City National Bank Provides $36.15M Refinance Loan For Retail Property In Las Vegas
3189 North Rainbow Boulevard, Las Vegas, Nevada 89108, United States
$36,150,000
$102/SF
Building Size
352,000 SF
Asset Type
Retail
Closing
Aug 9, 2022
About this deal
AI
The retail property located at 3001-3189 N Rainbow Blvd in Las Vegas, NV has recently undergone a loan refinancing transaction. The property spans over 352,000 square feet and sits on 35 acres.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $36,150,000
- Address: 3001-3189 N Rainbow Blvd, Las Vegas, NV
- Market: Las Vegas, NV
- Asset Type: Retail
- Square Footage: 352,000
- Acres: 35
The loan for this transaction was provided by City National Bank. The landlord of the property is PEBB Enterprises, represented by Ian Weiner.
Players
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93