Time Equities, Inc Acquires Boulder Crossing Retail Center In Las Vegas For $10.4M
5500 Boulder Highway
$10,375,000
$215/SF
Building Size
48,160 SF
Asset Type
Retail
Closing
Nov 10, 2023
About this deal
AI
Time Equities, Inc. has expanded its U.S. presence with the purchase of Boulder Crossing, a 48,160 square foot retail strip center located at 5500 Boulder Hwy. in Las Vegas, NV. The property was acquired from LNR for a sale price of $10,375,000, with a price per square foot of $215.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,375,000
- Square Footage: 48,160
- Address: 5500 Boulder Highway, Las Vegas, NV
- Market: Las Vegas, NV
This acquisition marks Time Equities, Inc.'s inaugural presence in Nevada and adds another state to their extensive portfolio, which already spans across 36 states in the U.S. and includes international ventures. Ami Ziff, Jonathan Kim, Grant Scott, and Eli Smith represented Time Equities, Inc. and acted as the buyers' representatives in this deal, while LNR served as 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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93