Updated Jan 7, 2026
Jared Glover Of Berkadia Represents Seller In $41M Sale Of 206-Unit Multifamily Property In Reno
825 Delucchi Lane
$41,000,000
Units
206
Asset Type
MultiFamily
Closing
Jan 7, 2026
About this deal
AI
The Element is a 206-unit multifamily property located at 825 Delucchi Lane in the Reno, NV market. The property was sold for $41 million, resulting in a per unit price of approximately $199,029. It features a garden-style design and is situated in a prime area near Meadowood Mall, major retailers, and transit connections. This location is noted for being in one of Reno's top-performing submarkets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Address: 825 Delucchi Lane
- Market: Reno, NV
- Units: 206
- PPU: $199,029
- Broker: Jared Glover - Berkadia
Jared Glover represented the seller, a Los Angeles-based entity, in this transaction facilitated by Berkadia. The deal highlights the ongoing demand for multifamily assets in desirable areas, reflecting the strong market conditions in Reno.
On the Map
$41,000,000
MultiFamily
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Reno 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93