Updated Oct 28, 2024
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
Units
184
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
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.
On the Map
$65,500,000
MultiFamily
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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