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Capital Square Realty Advisors Acquires Aspen Vista Apartments In Reno, Nevada For $39.1M

Property Image
SOLD
$39,100,000

Nevada

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MultiFamily
Sold 06/09/2023
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Property Image
SOLD

Capital Square Realty Advisors Acquires Aspen Vista Apartments In Reno, Nevada For $39.1M

548 Aurora Vw Dr Reno, NV 89506, USA

See Similar Deals
MultiFamily
Sold 06/09/2023
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:MultiFamily
Transaction Type:Sale

Capital Square Realty Advisors has purchased Aspen Vista, a 102-unit apartment property located at 548 Aurora View Court in Reno, Nevada. The multifamily asset was sold for a total price of $39,100,000, equating to an average of $383,333 per unit. The property features three- and four-bedroom townhome-style units with amenities such as washers and dryers, garages, and private backyards.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $39,100,000
  • Units: 102
  • Price per Unit: $383,333

The buyer of Aspen Vista is Capital Square Realty Advisors, represented by Louis Rogers. The acquisition marks a significant investment in the Reno, Nevada market.

Players

Louis Rogers
Louis Rogers
8 deals$342.4M volume
BUYER

Details

SOLD
IMAGE: Louis Rogers DATE: 06/09/2023 ADDRESS: 548 Aurora View Court MARKET: Reno, Nevada ASSET TYPE: Multifamily BUYER: Capital Square Realty Advisors - Louis Rogers SALE PRICE: $39,100,000 UNITS: 102 ~ PPU: $383,333 NOTE: Capital Square Realty Advisors has purchased Aspen Vista, a 102-unit apartment property in Reno, Nevada, for $39.1 million. The property offers three- and four-bedroom townhome-style units with amenities such as washers and dryers, garages, and private backyards.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,085,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$138,914.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$185,353.95
Annual Debt Service$2,224,247.37