Tides Equities Acquires Multifamily Property In Las Vegas For $113.5M
3800 Wynn Road, Las Vegas, Nevada, USA
$113,500,000
$377/SF
Building Size
300,564 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
Located in Las Vegas, Nevada, a multifamily property located at 3800 Wynn Road has been recently sold. The property spans across 20 acres and is a part of the robust Las Vegas market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $113,500,000
- Address: 3800 Wynn Road
- Market: Las Vegas, Nevada
- Buyer: Tides Equities - Sean Kia & Ryan Andrade
- Seller: 3D Investments
- Units: 555
- Price per Unit (PPU): $204,504
The buyer in this transaction is Tides Equities, represented by Sean Kia & Ryan Andrade. They acquired the property from the seller, 3D Investments.
Players
Las Vegas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93