facebook
Traded Co logo
Submit

Bascom Group Acquires Multifamily Property In Las Vegas For $40.5M

Property Image
SOLD
$40,500,000

Nevada

See Similar Deals
MultiFamily145,440 SF
Sold 12/22/2021
the dealdetailscomps
Property Image
SOLD

Bascom Group Acquires Multifamily Property In Las Vegas For $40.5M

3200 Mcleod Drive, Las Vegas, Nevada 89121, United States

See Similar Deals
MultiFamily145,440 SF
Sold 12/22/2021
the dealdetailscomps

Summary

NEVADA
Asset Type:MultiFamily
Price Per Square Foot:$278
Total Square Footage:145,440 SF
Transaction Type:Sale

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

BG
Bascom Group
BUYER
BG
Bascom Group
BUYER

Details

SOLD
IMAGE: Scott McClave & Tom Gilfillan DATE: 12/22/2021 ADDRESS: 3200 McLeod Dr. MARKET: Las Vegas ASSET TYPE: Multifamily BUYER: Bascom Group - Scott McClave & Tom Gilfillan SALE PRICE: $40,500,000 UNITS: 200 ~ PPU: $202,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,160,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$143,887.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$191,990.66
Annual Debt Service$2,303,887.95