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7531 Tule Springs Road

SB Real Estate Partners Acquires 143 Unit Multifamily Property From Fore Property Co For $42M
SOLDMultiFamily

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

Berkadia
BerkadiaBrokerage
SB Real Estate Partners
SB Real Estate PartnersBuyer

Las Vegas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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