Tides Equities Acquires Las Vegas Multifamily Portfolio For $169.75M | 1755 Palm Street, 5024 Broken Sound Drive, & 4801 Spencer Street | Spence Ballif | MultiFamily | Sale

Summary

Sale

NEVADA

MultiFamily

815,000 sqft

The recently closed property transaction in Las Vegas, NV involved a multifamily asset located at 1755 Palm St., 5024 Broken Sound Dr., and 4801 Spencer St. The property spans over 815,000 square feet and consists of 787 units. The sale price for this transaction was recorded at $169,750,000, translating to a price per unit of $215,692 and a price per square foot of $208.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $169,750,000
Buyer: Tides Equities - Sean Kia & Ryan Andrade
Seller: Turner Impact Capital
Broker: Spenc Ballif - CBRE

The buyer for this transaction was Tides Equities, represented by Sean Kia & Ryan Andrade. The seller was Turner Impact Capital. The deal was facilitated by Spenc Ballif from CBRE as the broker.

Players

All
2

Agents
1
Agencies
1

Spence Ballif

Executive Vice President

$299.3M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Sean Kia & Ryan Andrade DATE: 04/21/2022 ADDRESS: 1755 Palm St., 5024 Broken Sound Dr., & 4801 Spencer St MARKET: Las Vegas, NV ASSET TYPE: Multifamily BUYER: Tides Equities (@TidesEquities) - Sean Kia (@KiaSean)& Ryan Andrade (@_RyanAndrade_) SELLER: Turner Impact Capital BROKER: Spenc Ballif - CBRE SALE PRICE: $169,750,000 UNITS: 787 ~ PPU: $215,692 SF: 815,000 ~ PPSF: $208

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Address1755 Palm Street, 5024 Broken Sound Drive, & 4801 Spencer Street

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