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5500 Mountain Vista Street,...

Haven Realty Capital Sells 10.2-Acre Multifamily Asset In Las Vegas For $58.5M
SOLDMultiFamily

Haven Realty Capital Sells 10.2-Acre Multifamily Asset In Las Vegas For $58.5M

5500 Mountain Vista Street, Las Vegas, Nevada 89120, United States

$58,500,000

Building Size

Asset Type

MultiFamily

Closing

Oct 13, 2022

AI

The multifamily property located at 5500 Mountain Vista Street in Las Vegas, Nevada has been sold. The property spans an area of 10.2 acres and consists of 237 units. The sale was conducted by Haven Realty Capital, with the assistance of brokers Angela Bates, Curt Allsop, Doug Schuster, and Vittal Ram from Newmark. The transaction closed on October 14, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $58,500,000
  • Units: 237
  • Price Per Unit: $246,835

This successful sale showcases the expertise of Haven Realty Capital and the collaborative efforts of brokers Angela Bates, Curt Allsop, Doug Schuster, and Vittal Ram from Newmark. Their involvement in the transaction highlights their commitment to providing exceptional real estate services in the Las Vegas market.

Players

Curt Allsop

Newmark

Broker

$296.7M

vol

3 deals

Broker
HC
Haven Realty CapitalSeller

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

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93