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430 East Cactus Avenue, Las...

Interwest Capital Sells Multifamily Property In Silverado Rancho For $38.5M
SOLDMultiFamily

Interwest Capital Sells Multifamily Property In Silverado Rancho For $38.5M

430 East Cactus Avenue, Las Vegas, Nevada 89183, United States

$38,500,000

Building Size

Asset Type

MultiFamily

Closing

Feb 13, 2022

AI

430 E. Cactus Road in Silverado Rancho was recently sold for $38,500,000. This multifamily property consists of 100 units, resulting in a price per unit of $385,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $38,500,000
  • Date: 02/14/2022
  • Seller: Interwest Capital
  • Brokers: Taylor Sims, Carl Sims & Brady Cleary (Multifamily Advisory Group) - Cushman & Wakefield
  • Market: Silverado Rancho
  • Address: 430 E. Cactus Road
  • Units: 100
  • Price Per Unit: $385,000

The sale of 430 E. Cactus Road was facilitated by the Multifamily Advisory Group of Cushman & Wakefield, represented by Taylor Sims, Carl Sims, and Brady Cleary.

Players

Taylor Sims

NorthMarq

Broker

$203M

vol

3 deals

Broker
IC
Interwest CapitalSeller

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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93