Updated May 12, 2025
Sunstone Properties Acquires Multifamily In Las Vegas For $36.93M
5400 West Cheyenne Avenue, Las Vegas, Nevada 89108, United States
$36,936,000
Units
228
Asset Type
MultiFamily
Closing
Dec 13, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 5400 W Cheyenne Avenue in Las Vegas, NV. The deal was finalized for a total price of $36,936,000, representing a per unit price of $162,000 for the 228 units included in the sale.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,936,000
- Units: 228
- Price Per Unit: $162,000
- Buyer: Sunstone Properties
- Seller: Bridge Investment Group
- Broker: Thomas Olivetti - Northmarq
- Date of Sale: 12/13/2022
- Market: Las Vegas, NV
The key individuals involved in this transaction include the buyer, Sunstone Properties, and the seller, Bridge Investment Group. The transaction was facilitated by broker Thomas Olivetti, who represents Northmarq in this deal.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93