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3135 Marco Street

Zions Bank Provides $6.12M Refinance Loan For Industrial Property In Las Vegas
FINANCEDIndustrial

Zions Bank Provides $6.12M Refinance Loan For Industrial Property In Las Vegas

3135 Marco Street

$6,120,000

$122/SF

Building Size

49,844 SF

Asset Type

Industrial

Closing

Aug 19, 2022

AI

The industrial property located at 3135 Marco St. in Las Vegas, NV has been involved in a closed transaction. With a total area of 49,844 square feet, this property is classified as an Industrial asset. The transaction took place on 08/19/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 08/19/2022
  • Address: 3135 Marco St., Las Vegas, NV
  • Market: Las Vegas, NV
  • Square Footage: 49,844

The loan for this transaction was provided by Zions Bank in the amount of $6,120,000. It was a refinance loan.

The key individuals involved in this deal are Stefen Chraghchian and Sharone Sabar, who represented the parties involved as brokers from Marcus & Millichap.

For further information on the full deal story, please contact Stefen Chraghchian at 818-319-5749 or [email protected].

Players

Sharone Sabar

Marcus & Millichap

Broker

$426.4M

vol

14 deals

Broker
Zions Bank
Zions BankLender

Huron Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.59%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93