Manzel Holdings Acquires Retail Property In North Las Vegas For $6.5M
3220 North Jones Boulevard, Las Vegas, NV, USA
$6,512,000
$342/SF
Building Size
19,000 SF
Asset Type
Retail
Closing
Apr 8, 2021
About this deal
AI
Manzel Holdings has acquired a retail property located at 3220 North Jones Blvd. in North Las Vegas. The transaction, which took place on April 9, 2021, involved a sale price of $6,512,000. The property spans 19,000 square feet, resulting in a price per square foot of $342. The asset is situated in the North Las Vegas market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,512,000
- Address: 3220 North Jones Blvd.
- Market: North Las Vegas
- Square Footage: 19,000
- Price per Square Foot: $342
Manzel Holdings acted as the buyer in this transaction. The seller was the Black Lion Investment Group, represented by Robert Rivani. The buyer's representative was Nolan Smith from SVN, while Mica Berg from Logic Commercial represented the seller.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93