Glen Una Management Acquires Retail Property In Las Vegas For $25M
SOLD
$25,000,000
+ 1
Nevada
See Similar DealsRetail83 SF
Sold 11/14/2022
SOLD
Glen Una Management Acquires Retail Property In Las Vegas For $25M
305 North Nellis Boulevard, Las Vegas, Nevada 89110, United States
See Similar DealsRetail83 SF
Sold 11/14/2022
+ 1
Summary
NEVADA
Asset Type:Retail
Price Per Square Foot:$301,204
Total Square Footage:83 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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