GK Real Estate Secures $36.4 Million Loan For Lake Mead Crossing In Henderson, NV
358 West Lake Mead Parkway
$36,400,000
$95/SF
Building Size
379,982 SF
Asset Type
Retail
Closing
Nov 19, 2025
About this deal
AI
Lake Mead Crossing is a retail property located at 358 West Lake Mead Parkway in Henderson, NV. The asset encompasses 379,982 square feet and spans across 57.5 acres. GK Real Estate secured a mortgage financing of $36.4 million for this property along with an adjacent parcel for future development. The financing is structured as a five-year, fixed-rate loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36,400,000
- Loan Terms: five-year, fixed-rate
- Landlord: GK Real Estate
- Broker: Maverick Commercial Mortgage
- Parcel Area: 57.5 acres
- Square Footage: 379,982 SF
Maverick Commercial Mortgage played a pivotal role in arranging the financing, which included an $28 million loan on the shopping center and an additional $8.4 million loan for the adjacent land. GK Real Estate intends to sell individual parcels as part of their strategy to repay the debt.
On the Map
$36,400,000
$95/SF
Retail
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Players
Henderson 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
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93