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
About this deal
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
Las Vegas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Roy Fritz to view all their deals.
Browse Nevada retail sales on Traded.
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