Avison Young Sells Multifamily Property In Las Vegas, NV For $105.9M
SOLD
$105,900,000
Nevada
See Similar DealsMultiFamily
Sold 01/13/2022
SOLD
Avison Young Sells Multifamily Property In Las Vegas, NV For $105.9M
3600 S University Center Dr, Las Vegas, NV 89169
See Similar DealsMultiFamily
Sold 01/13/2022
Summary
NEVADA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 3600 S. University Center Dr. in Las Vegas, NV has been sold for a total price of $105,900,000. The sale, which took place on 01/13/2022, involved a total of 557 units, resulting in a per unit price of approximately $190,126.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $105,900,000
- Address: 3600 S. University Center Dr., Las Vegas, NV
- Market: Las Vegas, NV
- Units: 557
- Price Per Unit: $190,126
The sale was facilitated by Patrick Sauter, Art Carll-Tangora, and Steve Nosrat from Avison Young, who represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,647,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$376,240.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$502,020.03
Annual Debt Service$6,024,240.33
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