Davlyn Investments Acquires 184-Unit Multifamily In Las Vegas For $65.5M
SOLD
$65,500,000
Nevada
See Similar DealsMultiFamily
Sold 08/04/2022
SOLD
Davlyn Investments Acquires 184-Unit Multifamily In Las Vegas For $65.5M
4355 South Durango Drive, Las Vegas, Nevada 89147, United States
See Similar DealsMultiFamily
Sold 08/04/2022
Summary
NEVADA
Asset Type:MultiFamily
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$232,707.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$310,503.42
Annual Debt Service$3,726,041.00
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