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
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