Cameron & Leona Curtiss Acquire Sparks Retail Property For $6.4M
155 Ingenuity Avenue
$6,400,000
$395/SF
Building Size
16,196 SF
Asset Type
Retail
Closing
Mar 22, 2024
About this deal
AI
The retail property at 155 Ingenuity Ave. in Sparks, Nevada, spanning 2.7 acres, was sold to Cameron and Leona Curtiss for $6.4 million. The property, measuring 16,196 square feet, was sold at a price per square foot of $395. The transaction was facilitated by brokers Kristie Schmitt and Pat Kesgard from Compass Commercial Real Estate Services.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $6,400,000
- Address: 155 Ingenuity Avenue
- Market: Sparks, Nevada
- Square Footage: 16,196
- Broker for Buyer: Kristie Schmitt & Pat Kesgard - Compass Commercial
Compass Commercial Real Estate Services played a pivotal role in the sale of the retail property, facilitating the transaction between the sellers and the buyers. The buyers, Cameron and Leona Curtiss, were represented by the experienced brokers Kristie Schmitt and Pat Kesgard, showcasing a successful real estate deal in Sparks, Nevada.
Sparks 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93