Glen Una Management Acquires Retail Property In Las Vegas For $25M
305 North Nellis Boulevard, Las Vegas, Nevada 89110, United States
$25,000,000
$301,204/SF
Building Size
83 SF
Asset Type
Retail
Closing
Nov 14, 2022
AI
A retail property located at 305-325 North Nellis Blvd. in Las Vegas has been sold for $25,000,000. The property, situated on 7.5 acres of land, spans a total of 83,930 square feet. The sale price per square foot is $298. The transaction took place on November 14, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $25,000,000
- Address: 305-325 North Nellis Blvd.
- Market: Las Vegas
- Acres: 7.5
The buyer of the property is Glen Una Management, while the seller is Omninet Capital. The deal was facilitated by the following brokers from Cushman & Wakefield: Marlene Fujita Winkel, Charles Moore, Emily Brun, and Alex Casingal.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93