Eastern Lion Acquires Retail Property On S. Eastern Ave In Las Vegas For $4.3M
SOLD
$4,275,000
+ 1
Nevada
See Similar DealsRetail35,325 SF
Sold 04/01/2022
SOLD
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
See Similar DealsRetail35,325 SF
Sold 04/01/2022
+ 1
Summary
NEVADA
Asset Type:Retail
Price Per Square Foot:$121
Total Square Footage:35,325 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$228,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,188.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,265.68
Annual Debt Service$243,188.17
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