Next Wave Acquires Multifamily Property In Las Vegas For $50M
1075 East Desert Inn Road, Las Vegas, Nevada 89169, United States
$50,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
1075 E Desert Inn, a multifamily property located in Las Vegas, NV, has been sold in a closed transaction. The sale was conducted by Next Wave, represented by Jordan Fisher. The property was sold for a price of $50,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Address: 1075 E Desert Inn, Las Vegas, NV
- Market: Las Vegas, NV
Jordan Fisher of Next Wave led the transaction as the seller's representative. The sale of 1075 E Desert Inn demonstrates the strong market demand for multifamily properties in Las Vegas, NV.
Players
Las Vegas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93