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6105 West Flamingo Road, La...

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

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

$7,900,000

$220/SF

Building Size

35,880 SF

Asset Type

Retail

Closing

Jun 30, 2022

AI

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

CBRE

Broker

$35.9M

vol

3 deals

Broker

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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93