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CBRE Represents Farmers And Merchants Trust Company Trustee In $7.9M Retail Sale On W. Flamingo Rd. & W. Tropicana Ave. In Las Vegas

Property Image
SOLD
$7,900,000
Michael Hsu
Jay Gomez
+ 4

Nevada

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Retail35,880 SF
Sold 07/01/2022
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Property Image
SOLD

CBRE Represents Farmers And Merchants Trust Company Trustee In $7.9M Retail Sale On W. Flamingo Rd. & W. Tropicana Ave. In Las Vegas

6105 West Flamingo Road, Las Vegas, Nevada 89147, United States

See Similar Deals
Retail35,880 SF
Sold 07/01/2022
Michael Hsu
Jay Gomez
+ 4
Contact now

Summary

NEVADA
Asset Type:Retail
Price Per Square Foot:$220
Total Square Footage:35,880 SF
Transaction Type:Sale

The retail property located at 6105 W. Flamingo Rd. & 5955-5985 W. Tropicana Ave. in Las Vegas, NV has been sold. The property spans a total of 35,880 square feet and was sold for a price of $7,900,000, resulting in a price per square foot of $220. The sale took place on July 1, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,900,000
  • Address: 6105 W. Flamingo Rd. & 5955-5985 W. Tropicana Ave., Las Vegas, NV
  • Market: Las Vegas, NV

The seller of the property was Farmers and Merchants Trust Company Trustee. The sale was facilitated by CBRE, with Roy Fritz, Michael Hsu, Dylan Heroy, Arthur Flores, Mark Latimer, Jay Gomez, and James Kaye representing the seller.

Players

Mark Latimer
3 deals$35.9M volume
BROKER

Roy Fritz
CBRE
2 deals$58.2M volume
BROKER

Michael Hsu
CBRE
5 deals$40M volume
BROKER

Dylan Heroy
CBRE
1 deal$7.9M volume
BROKER

Arthur Flores
CBRE
2 deals$28.7M volume
BROKER

Jay Gomez
CBRE
1 deal$7.9M volume
BROKER

James Kaye
CBRE
1 deal$7.9M volume
BROKER

Details

SOLD
IMAGE: Jay Gomez, Dylan Heroy, Arthur Flores, Roy Fritz, James Kaye, Mark Latimer & Michael Hsu DATE: 07/01/2022 ADDRESS: 6105 W. Flamingo Rd. & 5955-5985 W. Tropicana Ave. MARKET: Las Vegas, NV ASSET TYPE: Retail SELLER: Farmers and Merchants Trust Company Trustee SELLER’S REP: Roy Fritz, Michael Hsu, Dylan Heroy, Arthur Flores, Mark Latimer, Jay Gomez & James Kaye - CBRE SALE PRICE: $7,900,000 SF: 35,880 ~ PPSF: $220

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
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