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4480 Paradise Road

Litwin Management Acquires Retail Asset In Las Vegas For $46.35M From Brian Good Corey Spound David Kaufman
SOLDRetail

Litwin Management Acquires Retail Asset In Las Vegas For $46.35M From Brian Good Corey Spound David Kaufman

4480 Paradise Road

$46,350,000

$789/SF

Building Size

58,727 SF

Asset Type

Retail

Closing

Jul 30, 2025

AI

The asset involved in this transaction is a retail property located at 4480 Paradise Road in Las Vegas. The sale was completed for a total transaction price of $46,350,000, which is approximately $789 per square foot. The property spans a total of 58,727 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $46,350,000
  • Address: 4480 Paradise Road
  • Market: Las Vegas
  • Buyer: Litwin Management
  • Seller: Brian Good, Corey Spound & David Kaufman - Eagle Paradise & Thayerack
  • Brokers: Daniel Tyner & Gleb Lvovich - JLL

The deal was facilitated by brokers Daniel Tyner and Gleb Lvovich from JLL, representing the parties involved in the transaction, which includes multiple sellers connected to Eagle Paradise and Thayerack. The buyer for the transaction is Litwin Management.

Players

Daniel Tyner

JLL

Broker

$2.1B

vol

64 deals

Broker
JLL
JLLBrokerage
Corey Spound

Corey Spound

Seller

$124.4M

vol

6 deals

Seller

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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93