Eastern Lion Acquires Retail Property On S. Eastern Ave In Las Vegas For $4.3M
5025 South Eastern Avenue, Las Vegas, Nevada 89119, United States
$4,275,000
$121/SF
Building Size
35,325 SF
Asset Type
Retail
Closing
Mar 31, 2022
AI
The retail property located at 5025 S. Eastern Ave. in Las Vegas, NV has been sold in a recent transaction. The property spans across 35,325 square feet and was sold for a total price of $4,275,000, resulting in a price per square foot of $121. The sale took place on April 1, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,275,000
- Address: 5025 S. Eastern Ave., Las Vegas, NV
- Market: Las Vegas, NV
The buyer of the property was Eastern Lion, represented by Camyar Shoham. The seller in this transaction was Mok Singh. The deal was facilitated by Benji Gribnau, Leor Binshtock, and Jake Zacuto from the Zacuto Group.
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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93