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Ed Tia Acquires Silverado Plaza Retail And Medical Center In Las Vegas For $8.3M

Property Image
SOLD
$8,300,000
Daniel Solomon
Scott Reid

Nevada

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Retail27,236 SF
Sold 12/27/2024
the dealplayerscompscontact
Property Image
SOLD

Ed Tia Acquires Silverado Plaza Retail And Medical Center In Las Vegas For $8.3M

8150 & 8200 S Maryland Pkwy

See Similar Deals
Retail27,236 SF
Sold 12/27/2024
Daniel Solomon
Scott Reid
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:Retail
Price Per Square Foot:$304
Total Square Footage:27,236 SF
Transaction Type:Sale

Players

Daniel Solomon
Kidder Mathews
Daniel Solomon
17 deals$52.9M volume
BROKER
Scott Reid
ParaSell Inc.
Scott Reid
4 deals$93M volume(949) 942-6585
BROKER

Details

SOLD
IMAGE: Daniel Solomon DATE: 12/27/2024 ADDRESS: 8150 & 8200 S Maryland Pkwy MARKET: Las Vegas, NV ASSET TYPE: Retail / Medical BUYER: Ed Tia SELLER: Ron Billman BROKERS: Daniel Solomon (@DanielSolomonn) - Kidder Mathews (@Kidder.Mathews); Scott Reid - ParaSell Inc. SALE PRICE: $8,300,000 SF: 27,236 ~ PPSF: $304 NOTE FROM BROKER: Daniel Solomon successfully sold The Silverado Plaza, a premier retail and medical shopping center located in Las Vegas, NV. This investment is 96% leased to a well-rounded mix of national brands, medical, and specialty retailers including Starbucks (with a drive thru), Elite Family Dental, Aloha Kitchen and Bar, Lasik of Nevada, Rock Center for Dance, and more. Within hours of bringing the property to market, Daniel secured multiple competitive offers for his client. Ultimately, the property sold very close to list price, through a non-contingent offer. For all your healthcare, medical office / retail real estate needs, contact Daniel Solomon at 310-709-8985.

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

$442,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81