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

Property Image
SOLD
$38,500,000
Taylor Sims
Carl Sims
Brady Cleary

Nevada

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MultiFamily
Sold 02/14/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily
Sold 02/14/2022
Taylor Sims
Carl Sims
Brady Cleary
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:MultiFamily
Transaction Type:Sale

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
Taylor Sims
3 deals$203M volume(702) 508-6981
BROKER
Brady Cleary
Cushman & Wakefield
Brady Cleary
3 deals$203M volume
BROKER
Carl Sims
Cushman & Wakefield
Carl Sims
2 deals$136M volume
BROKER
IC
Interwest Capital
SELLER

Details

SOLD
IMAGE: Taylor Sims, Carl Sims & Brady Cleary DATE: 02/14/2022 ADDRESS: 430 E. Cactus Road MARKET: Silverado Rancho ASSET TYPE: Multifamily SELLER: Interwest Capital BROKERS: Taylor Sims, Carl Sims & Brady Cleary (Multifamily Advisory Group) - Cushman & Wakefield SALE PRICE: $38,500,000 UNITS: 100 ~ PPU: $385,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
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