Avison Young Sells Multifamily Property In Las Vegas, NV For $105.9M
3600 S University Center Dr, Las Vegas, NV 89169
$105,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 13, 2022
AI
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.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93