Golden Bee Properties Acquires 127-Unit Multifamily Complex In Las Vegas For $22M

The closed property transaction involved the sale of a multifamily asset located at 1455 E. Katie Avenue in Las Vegas, Nevada. The property consists of 127 condo units within a larger complex totaling 226 units. The buyer, Golden Bee Properties, represented by Jonathan Zadok and Marty Berneman, acquired the asset for a total price of $22,000,000. This translates to a per unit price of $173,228. The total square footage of the property is 106,692, resulting in a price per square foot of $206. The transaction took place on November 17, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Units: 127
• Per Unit Price: $173,228
• Square Footage: 106,692
• Price per Square Foot: $206
• Buyer: Golden Bee Properties - Jonathan Zadok & Marty Berneman
• Broker: David Berneman - Golden Bee Properties

The buyer, Golden Bee Properties, intends to reposition and add value to the asset over the next three to five years. This transaction marks a significant acquisition within the Las Vegas market, demonstrating the buyer's strategic investment approach and long-term vision for the property.