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Category – Multifamily

Marcus & Millichap Represent Sale Of 3878 Palos Verdes

3878 Palos VerdesMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 16-unit apartment property located at 3878 Palos Verdes Street in Las Vegas, Nevada. The asset sold for $920,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Marco A. Walton, Associate in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Walton as well.

Northcap Multifamily Reps Seller In Casa Vista Transaction

CASA VistaDevin Lee, CCIM, Robin Willett  Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of the Casa Vista Apartments for $1,200,000.  The sale consisted of 23 multifamily units, located at 1011 N 4th Street, Las Vegas, NV.

The transaction closed on June 29th, 2017.  Northcap Multifamily was pleased to have worked with the Seller, Casa Vista, LLC, in this successful transaction.

Sun Commercial Handles Sales, Leasing For MUH, Retail & Office/Warehouse

Pine Tree 1The Sale of Pine Tree Apartments, a 56 unit multi-family development, was completed on June 21, 2017. Three (3) buildings totaling ±12,600 square-foot is located at 150 Hoover Avenue, Las Vegas, NV 89101. The total value of the transaction was $2,165,000.00. Paul Chaffee, Wil Chaffee and Josh Smith of Sun Commercial Real Estate, Inc. represented the Seller, Pine Tree, LLC and Northcap Commercial, LLC represented the Buyer, The Hoover, LLC.

 

 

 

2722 & 2806 Perimeter RoadThe Sale of two (2) North Las Vegas Airport Hangar/Office buildings totaling 49,362 square-feet was completed on June 30, 2017. The property is located at 2722 & 2806 Perimeter Road, North Las Vegas, NV 89032. The total value of the transaction was $1,025,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, Western Alliance Bank and the Buyer, Gerald Haan was unrepresented.

 

 

 

Sun LogoThe Lease with Campus Village, LLC was completed on June 20, 2017. The 2,400 square-foot retail space is located at 1220 E. Harmon Avenue, Suite B, Las Vegas, NV 89119. The total value of the transaction was $946,055.89. Jon Willis, Rob Moore and Matt Patros of Sun Commercial Real Estate, Inc. represented the Tenant, Lacey’s Place Nevada 1220 Harmon, LLC and MDL Group represented the Landlord, Campus Village, LLC.

Northcap Multifamily Reps Buyer Of Pine Tree Apartments

PIne TreeDevin Lee, CCIM, Robin Willett  Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of the Pine Tree Apartments for $2,165,000.  The sale consisted of 56 multifamily units, located at 150 Hoover Avenue, Las Vegas, NV.

The transaction closed on June 21st, 2017.  Northcap Multifamily was pleased to have worked with the Buyer, The Hoover, LLC, in this successful transaction.

Flamingo Chateau Sells For $16 Million – Northcap Multifamily

FlamingoCoverPic (1)Robin Willett, Devin Lee, CCIM, Jerad Roberts, and Jason Dittenber, of  Northcap Multifamily are pleased to announce the recent sale of Flamingo Chateau for $16,600,000.  The sale consisted of 136 multifamily units, located at 6570 W. Flamingo Road, Las Vegas, NV.

Flamingo Chateau was built in 1992. There are one and two-bedroom floor plans that consist of fully-equipped kitchens, spacious walk-in closets, fireplaces, private balconies/patios along with in-unit washers and dryers.

The transaction closed on May 22nd, 2017.  Northcap Multifamily  was pleased to have worked with the Seller, Flamingo Garden Villas, LLC, in this successful transaction.

36 Multifamily Units Sell for $2,115,000

SONY DSCSONY DSCDevin Lee, CCIM, Jerad Roberts, Robin Willett, and Jason Dittenber of Northcap Multifamily, announced the sale of Shields Apartments for $930,000, and Sunset Circle Apartments for $1,185,000. These sales consisted of 16 multifamily units, located at 609 & 611 S. 11th St. in Las Vegas, NV and 20 multifamily units, located at 1937 Sunset Circle in Henderson, NV.  Northcap Multifamily represented the Seller, Theobald Investments, LLC in these transactions. The buyer was Santiago & Kevin Espinosa.

Cottages At Tungsten Sold For $560,000.00

Marcus MillichapProperty Name:  Cottages at Tungsten

Buyer (LLC):  N/A

Seller (LLC):  Henderson Apartments LLC and Famid Henderson LLC

Property Description (Tenant, SF, etc.):  The Cottages at Tungsten is an 8-unit, multifamily community located in Henderson, Nevada. The community is located in the heart of downtown Henderson, providing residents easy access to shopping, dining, entertainment, and the city’s core business district

Property Location:   282 Tungsten St, Henderson, NV 89015 -7161

Transaction Value:  $560,000

Agent(s) who represented Buyer:  Marco Walton

Agent(s) who represented Seller:   Marco Walton

Las Haciendas Apartments Sells for $925,000

Marcus MillichapMelvin Morris purchased Las Haciendas Apartments, a 25-unit apartment building built in 1954. Las Haciendas is a single-story, garden-style apartment community located at 2504 N Las Vegas Blvd., in North Las Vegas, Nevada. The community consists of twenty-one studios and four, one-bedroom units. The property sold for $925,000.  Michael LaBar, Michael Shaffner with Marcus & Millichap represented the buyer and Michael LaBar, Michael Shaffner, Marco Walton with Marcus & Millichap represented the seller, Las Haciendas Vegas LLC.


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