Tides Equities Acquires Multifamily Property In Las Vegas From Oak Residential For $54M

Located at 4800 E. Tropicana Ave. in Las Vegas, this multifamily property was recently sold in a transaction facilitated by Northmarq. The property, consisting of 252 units, was acquired by Tides Equities, represented by Sean Kia and Ryan Andrade. The seller, Oak Residential, agreed to a sale price of $54,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,000,000
• Units: 252
• Price Per Unit (PPU): $214,286
• Square Footage (SF): 247,680
• Price Per Square Foot (PPSF): $218

Tides Equities, represented by Sean Kia and Ryan Andrade, successfully closed the deal to acquire the multifamily property located at 4800 E. Tropicana Ave. in Las Vegas. The transaction was facilitated by Northmarq, showcasing their expertise in the market.