Wynn Road Business Center: WRBC is a warehouse/distribution building built in 1997 consisting of 6 grade level overhead doors and 22 dock high doors. Clear heights throughout the warehouse facility range from 24 to 26 feet and there is roughly 10% of office build-out. The building is finished with white-toned paint and red trim accents and includes ample area for signage above the office entrances.
Loan info:
Type of transaction: Loan- Life Company
Address: 5475 Wynn Road, Las Vegas NV 89118
Borrower: Wynn Road LLC
Mortgage Broker: Kyle Nagy of CommCap Advisors (knagy@commcapnv.com)
Loan Amount: $6,100,000
Total square feet: 127,617
Details: The property had a choppy occupancy history and near term tenant rollover, but CommCap was able to overcome those challenges and deliver a long term, fixed rate, non-recourse loan at the requested loan amount and a below market interest rate.
