Golden Bee Properties Acquires 127 Multifamily Units In Las Vegas For $22M

The asset involved in the transaction is a multifamily property located at 1455 E. Katie Avenue in Las Vegas, Nevada. It was sold for $22,000,000 and consists of 127 condo units within a larger 226-unit complex, spanning a total square footage of 106,692. The price per unit is $173,228, while the price per square foot is $206.

Summary of transaction details:

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

The transaction was represented by David Berneman, who is affiliated with Golden Bee Properties. The buyer, Golden Bee Properties, has plans to reposition the value-add asset over the next three to five years following this bulk acquisition.