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2096 Ramrod Avenue

Brisas GD, LLC Acquires 88-Unit Multifamily Property In Henderson, NV For $15.4M
SOLDMultiFamily

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

Patrick Sauter

Avison Young

Broker

$417M

vol

5 deals

Broker
L
LLCSeller

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