Bascom Group Acquires Multifamily Property In Las Vegas For $40.5M
3200 Mcleod Drive, Las Vegas, Nevada 89121, United States
$40,500,000
$278/SF
Building Size
145,440 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
The multifamily property located at 3200 McLeod Dr. in Las Vegas has been sold for a price of $40,500,000. The transaction took place on 12/22/2021. The property consists of 200 units, resulting in a price per unit of $202,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,500,000
- Address: 3200 McLeod Dr.
- Market: Las Vegas
The buyer of the property was Bascom Group, represented by Scott McClave & Tom Gilfillan.
No further information is available regarding the deal beyond what has been mentioned.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93