Next Wave Investors - Jordan Fisher Sells Multifamily Property In Las Vegas For $50M
Spanish Oaks Dr, Las Vegas, Nevada 89102, United States
$50,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
Next Wave Investors, represented by Jordan Fisher, recently closed a multifamily property transaction in Las Vegas, Nevada. The property, located on Spanish Oaks Dr, was sold for a total price of $50,000,000. This sale demonstrates Next Wave Investors' continued investment in the Las Vegas market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,000,000
The involvement of Jordan Fisher, representing Next Wave Investors, highlights the significance of this transaction. The sale of this multifamily property on Spanish Oaks Dr showcases the attractiveness of the Las Vegas market for real estate investment.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93