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.
Players
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93