Tides Equities Acquires Multifamily Property In Henderson, NV For $113.5M
SOLD
$113,500,000
Nevada
See Similar DealsMultiFamily351,848 SF
Sold 01/26/2022
SOLD
Tides Equities Acquires Multifamily Property In Henderson, NV For $113.5M
6530 Annie Oakley Drive
See Similar DealsMultiFamily351,848 SF
Sold 01/26/2022
Summary
NEVADA
Asset Type:MultiFamily
Price Per Square Foot:$322
Total Square Footage:351,848 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,053,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$403,241.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$538,047.90
Annual Debt Service$6,456,574.86
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