Updated Feb 28, 2025
LaSalle Investment Management Acquires Multifamily Property In Las Vegas For $155.6M
6355 S Riley St, Las Vegas, NV, USA
$155,600,000
$208,021/SF
Building Size
748 SF
Asset Type
MultiFamily
Closing
Oct 20, 2021
About this deal
AI
The multifamily property located at 6355 South Riley St. in Las Vegas, Nevada has been sold. The transaction took place on October 20, 2021. The property, consisting of 456 units, was sold by The Calida Group to LaSalle Investment Management for a price of $155,600,000. This corresponds to an average price per unit of $341,228.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $155,600,000
- Number of Units: 456
- Price per Unit: $341,228
- Address: 6355 South Riley St., Las Vegas, Nevada
- Market: Las Vegas, Nevada
The sale of this multifamily property was facilitated by brokers John Cunningham and Charles Steele from JLL Capital Markets.
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93