Updated Dec 21, 2023
Coldwell Banker Commercial Premier Brokers Sell Las Vegas Multifamily For $35M
6170 Boulder Highway, Las Vegas, NV 89122, USA
$35,000,000
$159/SF
Building Size
219,344 SF
Asset Type
MultiFamily
Closing
Oct 21, 2021
About this deal
AI
The multifamily property located at 6170 Boulder Hwy in Las Vegas has been sold in a recent transaction. The sale was facilitated by brokers Garry Cuff and Tom Naseef from Coldwell Banker Commercial Premier. The property consists of 224 units and was sold for a price of $35,000,000, resulting in a per unit price of $156,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Address: 6170 Boulder Hwy
- Market: Las Vegas
- Brokers: Garry Cuff & Tom Naseef - Coldwell Banker Commercial Premier
- Units: 224
- Price Per Unit: $156,250
The brokers, Garry Cuff and Tom Naseef, from Coldwell Banker Commercial Premier played a crucial role in facilitating the sale of this multifamily property in Las Vegas.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93