Tavaco Properties Sells Retail Asset On South Stephanie Street In Henderson For $30.6M
11 South Stephanie Street
$30,600,000
$336/SF
Building Size
91,001 SF
Asset Type
Retail
Closing
Feb 6, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 11-43 South Stephanie Street, Henderson, NV. The sale price for this asset was $30,600,000, covering an area of 91,001 square feet, which equates to a price per square foot of $336.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,600,000
- Address: 11-43 South Stephanie Street
- Market: Henderson, NV
- Square Footage: 91,001
- Price Per Square Foot: $336
- Seller: Tavaco Properties - Andrew Tavakoli
- Broker: Joel Nematzadeh - Rosewood Realty Group
Joel Nematzadeh from Rosewood Realty Group facilitated the sale of the Stephanie Beltway Plaza. For those looking to sell similar retail properties across the Sunbelt, Midwest and Mid-Atlantic regions, Joel can be contacted via office at (212) 359-9903, mobile at (516) 884-5632, or email at [email protected].
On the Map
$30,600,000
$336/SF
Retail
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Players
Henderson Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93