Dong Koo Kim & Jong Ok Kim Acquire Retail Property In Las Vegas For $22.5M
601 Mall Ring Circle, Henderson, Nevada 89014, United States
$22,500,000
$348/SF
Building Size
64,598 SF
Asset Type
Retail
Closing
Oct 17, 2022
AI
The retail property located at 601-617 Mall Ring Circle in Las Vegas, Nevada has been sold for a total price of $22,500,000. The property spans across 64,598 square feet, resulting in a price per square foot of $348. The transaction took place on October 18, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,500,000
- Address: 601-617 Mall Ring Circle, Las Vegas, Nevada
- Market: Las Vegas, Nevada
- Square Footage: 64,598
- Price per Square Foot: $348
The property was sold by PEBB Enterprises, represented by Ian Weiner. Dong Koo Kim and Jong Ok Kim were the buyers in this transaction. Jennifer Lee from Berkshire Hathaway Home Services Nevada acted as the buyer's representative, while Adam Malan and Deana Marcello from LOGIC Commercial Real Estate represented the seller.
Players
Henderson 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93