Peccole Enterprises Sells Peccole Plaza Retail Center In Las Vegas For $38.6M With Lucescu Realty
8671 West Charleston Boulevard
$38,600,000
$238/SF
Building Size
161,978 SF
Asset Type
Retail
Closing
Apr 21, 2026
About this deal
AI
The transaction involves a retail property located at 8671 West Charleston Boulevard in Las Vegas, NV. The property was sold for a price of $38,600,000 and encompasses a total area of 161,978 square feet, resulting in a price per square foot of $238.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,600,000
- Address: 8671 West Charleston Boulevard
- Market: Las Vegas, NV
- Square Footage: 161,978
- Price per Square Foot: $238
- Seller: Peccole Enterprises
- Brokers: Mark Lucescu & Tanner Englelage - Lucescu Realty
Lucescu Realty facilitated the sale of the property on behalf of the seller, Peccole Enterprises. The asset was acquired by a privately held investment and development firm based in Las Vegas, which includes major tenants such as Kohl’s, Walgreens, Guitar Center, and Golf Galaxy.
On the Map
$38,600,000
$238/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93