Northcap Commercial Represents Buyer In $4.5M Sale Of 50-Unit Nellis Gate Apartments In Las Vegas

The property involved in the transaction is a multifamily asset known as Nellis Gate Apartments, located at 4340 Las Vegas Boulevard North in the Las Vegas, NV market. The sale was completed on April 29, 2025, with a total transaction amount of $4,500,000. The property consists of 50 units, equating to a price per unit of $90,000. The asset was constructed in 2002.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Units: 50
• Price per Unit: $90,000
• Closing Date: April 29, 2025
• Address: 4340 Las Vegas Boulevard North
• Market: Las Vegas, NV

Northcap Commercial represented the buyer in this transaction with Devin Lee, Jerad Roberts, and Robin Willett as the brokers involved. Their role was to facilitate the deal for the buyer during the acquisition of the property.