Tides Equities Acquires Multifamily Property In Henderson, NV For $113.5M
6530 Annie Oakley Drive
$113,500,000
$322/SF
Building Size
351,848 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
AI
Tides Equities has acquired a multifamily property located at 6530 Annie Oakley Dr. in Henderson, NV. The property, consisting of 376 units, was sold by Oaktree & Bascom for a total sale price of $113,500,000. With a price per unit of $301,861 and a total square footage of 351,848, the property was valued at $322 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $113,500,000
- Units: 376
- Price Per Unit: $301,861
- Square Footage: 351,848
- Price Per Square Foot: $322
The acquisition of the property was handled by Sean Kia and Ryan Andrade from Tides Equities. They represented the buyer in the transaction. The seller, Oaktree & Bascom, was represented by brokers from CBRE.
Players
Henderson 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93