Tides Equities Acquires Multifamily Property In Las Vegas For $64.5M

The multifamily property located at 5145 Rawhide St. in Las Vegas, NV has been sold in a recent transaction. The property spans a total area of 192,600 square feet and comprises 216 units. The sale price for this asset was recorded at $64,500,000, resulting in an average price per unit (PPU) of $298,611 and a price per square foot (PPSF) of $334.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $64,500,000
• Address: 5145 Rawhide St., Las Vegas, NV
• Market: Las Vegas, NV
• Buyer: Tides Equities - Sean Kia & Ryan Andrade
• Seller: Oak Residential
• Units: 216
• Price per Unit (PPU): $298,611
• Square Footage: 192,600
• Price per Square Foot (PPSF): $334

The buyer in this transaction is Tides Equities, represented by Sean Kia & Ryan Andrade. The seller of the property is Oak Residential. This sale represents a significant investment in the Las Vegas multifamily market, further indicating the strong demand for properties in the area.