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4355 South Durango Drive, L...

Davlyn Investments Acquires 184-Unit Multifamily In Las Vegas For $65.5M
SOLDMultiFamily

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

Spence Ballif

CBRE

Broker

$374.3M

vol

4 deals

Broker
DI
Davlyn InvestmentsBuyer

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