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
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