Davlyn Investments Acquires 184-Unit Multifamily In Las Vegas For $65.5M
4355 South Durango Drive, Las Vegas, Nevada 89147, United States
$65,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
The multifamily property located at 4355 S Durango Dr in Las Vegas, NV has been sold for a total price of $65,500,000. The property consists of 184 units, with a price per unit of $355,978.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,500,000
- Address: 4355 S Durango Dr, Las Vegas, NV
- Market: Las Vegas, NV
- Buyer: Davlyn Investments
- Brokers: Spence Ballif, Adam Schmitt & Jannie Mongkolsakulkit - CBRE
- Units: 184
- Price per Unit: $355,978
The deal was facilitated by the brokers Spence Ballif, Adam Schmitt, and Jannie Mongkolsakulkit from CBRE. They represented Davlyn Investments in the transaction.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93