Marcus & Millichap Capital Corporation Arranges $3.3M Refinance For Durango Square Retail Center In Las Vegas
7785 North Durango Drive
$3,300,000
$205/SF
Building Size
16,100 SF
Asset Type
Retail
Closing
Apr 9, 2025
About this deal
AI
The property asset involved in this transaction is a retail center located at 7785 North Durango Drive in Las Vegas. This retail center encompasses 16,100 square feet and consists of 12 units. The loan amount associated with this property is $3,300,000, specifically arranged for a refinance. The loan terms include a 7-year duration, a 6.5% interest rate, and a 25-year amortization period.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Loan Type: Refinance
- Loan Terms: 7-year loan, 6.5% interest rate, 25-year amortization period
- Address: 7785 North Durango Drive
- Market: Las Vegas
- Asset Size: 16,100 SF
- Units: 12
Steven Rock from Marcus & Millichap Capital Corporation was the broker responsible for arranging the loan for Durango Square, representing the financial interests in this refinancing transaction.
On the Map
$3,300,000
$205/SF
Retail
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Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93