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3726 East Flamingo Road

Jordan Meehan And Mason Ghaniabadi Of Spark Properties Group Acquire Retail Assets In Las Vegas For $20.5M
SOLDRetail

Jordan Meehan And Mason Ghaniabadi Of Spark Properties Group Acquire Retail Assets In Las Vegas For $20.5M

3726 East Flamingo Road, 4810 West Lone Mountain Road & 3155 North Rancho Drive

$20,500,000

$108/SF

Building Size

188,589 SF

Asset Type

Retail

Closing

Jul 1, 2026

AI

This transaction involves three retail properties located at 3726 East Flamingo Road, 4810 West Lone Mountain Road, and 3155 North Rancho Drive in the Las Vegas market. The sale price for the properties was $20,500,000, covering a total square footage of 188,589, which corresponds to a price per square foot of $109.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,500,000
  • Square Footage: 188,589
  • Price Per Square Foot: $109
  • Buyer: Jordan Meehan & Mason Ghaniabadi - Spark Properties Group
  • Broker: Ian Cochran - LOGIC Commercial Real Estate
  • Transaction Date: 07/01/2026

The deal was facilitated by Ian Cochran, representing the buyer, Spark Properties Group, which includes Jordan Meehan and Mason Ghaniabadi as key stakeholders in the acquisition of these retail assets.

Players

Ian Cochran

LOGIC Commercial Real Estate

Broker

$20.5M

vol

1 deal

Broker

Mason Ghaniabadi

Spark Properties Group

Buyer

$75.8M

vol

5 deals

Buyer

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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93