Laguna Point Properties Acquires Las Vegas Multifamily For $129.7M

The multifamily property located at 4020 Arville St. and 4255 W. Viking Rd. in Las Vegas has been sold for a total of $129,700,000. The transaction took place on May 2, 2022. This property consists of 708 units, resulting in a price per unit of $183,192.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $129,700,000
• Units: 708
• Price per Unit: $183,192

The buyer of the property is Laguna Point Properties, represented by Dan Hick. The deal was facilitated by brokers Pat Sauter and Art Carll-Tangora, who are affiliated with Avison Young.