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5500 Boulder Highway

Updated Dec 12, 2024

Time Equities, Inc Acquires Boulder Crossing Retail Center In Las Vegas For $10.4M
SOLDRetail

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

Time Equities
Time EquitiesBrokerage
Time Equities
Time EquitiesBuyer

Las Vegas Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $215 per square foot on a published $10.4M for 48,160 square feet (2023).

Visit Time Equities to view all their deals.

Browse Las Vegas retail sales on Traded.

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

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