Updated Oct 22, 2025
Northcap Commercial Represents Both Buyer And Seller In $17.75M Las Vegas Multifamily Sale
1591 Chartered Circle
$17,750,000
Units
164
Asset Type
MultiFamily
Closing
Sep 26, 2025
About this deal
AI
The transaction involved the sale of Woodridge Villas Apartments, a multi-family asset comprising 164 units located at 1591 Chartered Circle in Las Vegas, NV. The sale was executed for a total price of $17,750,000, which breaks down to a price per unit of $108,232.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,750,000
- Units: 164
- Price Per Unit: $108,232
- Sale Date: September 26, 2025
- Address: 1591 Chartered Circle, Las Vegas, NV
- Brokerage: Northcap Commercial
- Broker Representatives: Robin Willett, Devin Lee & Jerad Roberts
Northcap Commercial facilitated the transaction, representing both the buyer and seller in this deal. The transaction, characterized as an all-cash sale, was completed within a short timeframe of 10 days.
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
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93