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6530 Annie Oakley Drive

Tides Equities Acquires Multifamily Property In Henderson, NV For $113.5M
SOLDMultiFamily

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

Sean Kia

Tides Equities

Buyer

$1.3B

vol

18 deals

Buyer

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