Updated Apr 27, 2026
Northcap Commercial Represents Seller In $20 Million Sale Of Bonanza Gardens Apartments In Las Vegas
2751 East Bonanza Road
$20,000,000
$116,959/SF
Building Size
171 SF
Asset Type
MultiFamily
Closing
Apr 9, 2026
About this deal
AI
The property involved in this transaction is Bonanza Gardens Apartments, a multifamily asset located at 2751 East Bonanza Road in Las Vegas, NV. The sale price for the property was $20,000,000. This multifamily property consists of 171 units, translating to a price per square foot of approximately $116,959.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Address: 2751 East Bonanza Road
- Market: Las Vegas, NV
- Square Footage: 171
- Price Per Square Foot: $116,959
The transaction was brokered by Northcap Commercial, with Robin Willett, Devin Lee, and Jerad Roberts representing the seller and sourcing the buyer in this April 2026 deal.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93