SB Real Estate Partners Acquires 143 Unit Multifamily Property From Fore Property Co For $42M
7531 Tule Springs Road
$42,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 24, 2025
AI
The property involved in the transaction is a multifamily asset located at 7531 Tule Springs Road in Las Vegas, NV. The asset consists of 143 units and was sold for $42,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $42,000,000.00
- Address: 7531 Tule Springs Road
- Market: Las Vegas, NV
- Units: 143
- Buyer: SB Real Estate Partners
- Seller: Fore Property Co.
The transaction was represented by SB Real Estate Partners as the buyer and Fore Property Co. as the seller, facilitating the completion of this multifamily property deal in the Las Vegas market.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93