Updated Oct 28, 2024
Laguna Point Properties Acquires Las Vegas Multifamily For $129.7M
4020 South Arville Street, Las Vegas, Nevada 89103, United States
$129,700,000
Units
708
Asset Type
MultiFamily
Closing
May 1, 2022
About this deal
AI
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.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93