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155 Ingenuity Avenue

Updated Dec 4, 2024

Cameron & Leona Curtiss Acquire Sparks Retail Property For $6.4M
SOLDRetail

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.

Players

Pat Kesgard

Compass

Broker

$6.4M

vol

1 deal

Broker

Sparks Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $395 per square foot on a published $6.4M for 16,196 square feet (2024).

Visit Compass to view all their deals.

Browse Sparks retail sales on Traded.

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

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