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601 Mall Ring Circle, Hende...

Dong Koo Kim & Jong Ok Kim Acquire Retail Property In Las Vegas For $22.5M
SOLDRetail

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

Adam Malan

Colliers

Broker

$39.4M

vol

2 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage
Ian Weiner

Ian Weiner

PEBB Enterprises

Seller

$392.6M

vol

23 deals

Seller

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