AG Property Development LLC Sells Retail Property In Las Vegas, NV For $24.4M With Buyer's Rep Rob Ippolito - Newmark And Seller's Rep Nolan Julseth-White - SVN | The Equity Group
1190 East Silverado Ranch Boulevard, Las Vegas, Nevada 89183, United States
$24,400,000
$503/SF
Building Size
48,492 SF
Asset Type
Retail
Closing
Jun 22, 2022
AI
Located at 1110-1190 E. Silverado Blvd in Las Vegas, NV, this retail property spans over 6.5 acres. The transaction took place on 06/23/2022, with AG Property Development LLC as the seller. The buyer, represented by Rob Ippolito from Newmark, completed the purchase for a total of $24,400,000. The property offers a total square footage of 48,492, resulting in a price per square foot of $503.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $24,400,000
- Address: 1110-1190 E. Silverado Blvd, Las Vegas, NV
- Market: Las Vegas, NV
- Acres: 6.5
- Buyer's Representative: Rob Ippolito - Newmark
- Seller's Representative: Nolan Julseth-White - SVN | The Equity Group
- Square Footage: 48,492
- Price per Square Foot: $503
Nolan Julseth-White from SVN | The Equity Group represented the seller, AG Property Development LLC, in this transaction. The involvement of these key individuals and companies emphasizes the coordinated efforts in finalizing the deal.
Players
Las Vegas 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93