Updated Oct 28, 2024
Laguna Point Acquisitions Acquires 996-Unit Multifamily In Las Vegas For $126M
370 East Harmon Avenue, Las Vegas, Nevada 89169, United States
$126,000,000
Units
996
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
A multifamily property located at 370 E Harmon Ave in Las Vegas, NV has been sold in a closed transaction. The property consists of 996 units and was sold for a total price of $126,000,000, resulting in a per unit price of $126,506.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $126,000,000
- Units: 996
- Price per Unit: $126,506
The buyer of the property is Laguna Point Acquisitions, while the seller is 3D Investments. The transaction was facilitated by brokers Patrick Sauter, Art Carll-Tangora, and Steve Nosrat from Avison Young.
No additional information regarding the property or the individuals involved in the deal is available at this time.
On the Map
$126,000,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93