First Savings Bank Provides $2.55M Loan For Retail Property In Las Vegas
4800 South Maryland Parkway, Las Vegas, NV, USA
$2,554,500
$96/SF
Building Size
26,617 SF
Asset Type
Retail
Closing
Jul 23, 2020
About this deal
AI
The retail property located at 4800 South Maryland Parkway in Las Vegas, NV has been involved in a recent transaction. The loan amount for this transaction is $2,554,500. The property is owned by Mashhoud Zarabi, who also serves as the landlord. The lender in this transaction is First Savings Bank, while CommCap Advisors acted as the broker.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,554,500
- Address: 4800 South Maryland Parkway, Las Vegas, NV
- Market: Las Vegas, NV
This deal involved Mashhoud Zarabi as the property owner and landlord. First Savings Bank provided the loan for the transaction, and CommCap Advisors represented the parties involved as the broker.
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
6.21%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93