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

Property Image
SOLD
$15,400,000
Steve Nosrat
Patrick Sauter
Art Carll-Tangora

Nevada

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MultiFamily
Sold 10/13/2023
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Property Image
SOLD

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

2096 Ramrod Avenue

See Similar Deals
MultiFamily
Sold 10/13/2023
Steve Nosrat
Patrick Sauter
Art Carll-Tangora
the dealplayerscompscontact
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Summary

NEVADA
Asset Type:MultiFamily
Transaction Type:Sale

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
Patrick Sauter
5 deals$417M volume
BROKER
Art Carll-Tangora
Avison Young
Art Carll-Tangora
5 deals$417M volume
BROKER
Steve Nosrat
Avison Young
Steve Nosrat
4 deals$287.3M volume
BROKER

Details

SOLD
IMAGE: Art Carll-Tangora, Patrick Sauter & Steve Nosrat DATE: 10/13/2023 ADDRESS: 2096 Ramrod Avenue MARKET: Henderson, NV ASSET TYPE: Multifamily BUYER: Brisas GD, LLC SELLER: Pacifica Henderson, LLC BROKERS: Art Carll-Tangora, Patrick Sauter & Steve Nosrat - Avison Young SALE PRICE: $15,400,000 UNITS: 88 ~ PPU: $175,000 NOTE: The Sauter Multifamily Group of Avison Young, based in Las Vegas, has successfully closed the $15.4 million sale of Madison at Green Valley in Clark County, Nevada, equating to $175,000 per unit.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$821,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,712.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,003.86
Annual Debt Service$876,046.28