Wilshire Unlimited Sells Intrigue Apartments In Las Vegas For $33.5M With NewPoint Real Estate Capital As Lender

Wilshire Unlimited has successfully sold the Intrigue Apartments, a 193-unit multifamily property located at 4600 Vegas Drive in Las Vegas. The property, previously known as Andiamo Apartments, was acquired by a family trust for a total sale price of $33.5 million. The transaction included a $17.5 million Fannie Mae loan arranged by NewPoint Real Estate Capital. The Intrigue Apartments feature one and two-bedroom units with a range of amenities, catering to the needs of its residents. This sale reflects a decline in multifamily investment activity in Las Vegas, as transactions in the first half of 2023 only accounted for 13% of the figures seen in 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,500,000
• Units: 193
• Price Per Unit: $173,575
• Seller: Wilshire Unlimited - Kenny Ngo
• Lender: NewPoint Real Estate Capital - David Bleiweiss

The sale of the Intrigue Apartments was facilitated by Kenny Ngo of Wilshire Unlimited, representing the seller, and David Bleiweiss of NewPoint Real Estate Capital, who arranged the loan for the transaction. Their expertise and involvement were instrumental in the successful completion of this deal, showcasing their commitment to providing exceptional real estate services in the Las Vegas market.