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5025 South Eastern Avenue, ...

Eastern Lion Acquires Retail Property On S. Eastern Ave In Las Vegas For $4.3M
SOLDRetail

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

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Mok Singh

Seller

$21.1M

vol

5 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

3.71%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93