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.
On the Map
$36,150,000
$102/SF
Retail
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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