Revive Apartments LLC purchased the 46 unit Pinto Apartments located at 1525 Pinto Lane in Las Vegas for $2,805,400. Devin Lee, CCIM, James Hahn, CCIM, and Robin Willett of Northcap Commercial represented the buyer.
Category – Northcap Multifamily
Devin Lee, CCIM, Robin Willett, Jerad Roberts and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of the Bay Bridge Apartments for $19,000,000. This sale consisted of 208 multifamily units, located at 5400 S Maryland Parkway in Las Vegas, NV. The sale closed on October 17, 2017 and Northcap Multifamily represented the Seller (29SC Country Hills LP) in this transaction.
“A 1981 property selling for $91,000 per unit at a 5.7% cap definitely signifies the forward outlook and current strength in the Las Vegas multifamily market”, said Devin Lee.