Brisas GD, LLC Acquires 88-Unit Multifamily Property In Henderson, NV For $15.4M
2096 Ramrod Avenue
$15,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 13, 2023
AI
The Sauter Multifamily Group of Avison Young, based in Las Vegas, has facilitated the successful sale of Madison at Green Valley in Clark County, Nevada. The multifamily property, located at 2096 Ramrod Avenue in Henderson, NV, was sold for a total of $15,400,000. The transaction included 88 units, with a per unit price of $175,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,400,000
- Units: 88
- Price Per Unit: $175,000
- Address: 2096 Ramrod Avenue, Henderson, NV
- Market: Henderson, NV
Art Carll-Tangora, Patrick Sauter, and Steve Nosrat of Avison Young represented both the buyer, Brisas GD, LLC, and the seller, Pacifica Henderson, LLC, in this transaction. Their expertise and efforts were instrumental in closing the deal.
Players
Henderson 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
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93