Press Release brought to you by NAI Vegas

NAI Vegas Sells 216 Multifamily Units!

07/25/2016

Spanish Oaks Apartments

2301 S. Valley View, Las Vegas, NV 89102

Transaction Details

  • $14,075,000 Sale Price
  • 5.73% Cap on T-12 Income
  • Sold in Less Than 30 Days
  • All Cash
  • Built in 1976

 

NAI Vegas’ Sauter Multifamily Group is pleased to announce the successful negotiation and sale of Spanish Oaks Apartments, 216 Unit Apartment Building located at 2301 S. Valley View, Las Vegas, NV for $14,075,000 ($65,162 per unit) on 05-31-16.

Art Carll and Patrick J. Sauter of NAI Vegas appreciates having the opportunity to work with both the Seller of this property, Spanish Owner, LLC; and the Buyer of this property, 216 Spanish Oaks, LLC; on this successful transaction.

 

About NAI Vegas

NAI Vegas is the local representative of NAI Global, the premier international real estate services organization, with over 375 offices in over 55 countries.

Founded in 1988, NAI Vegas has proven itself to be the leading real estate brokerage in Las Vegas. Principals of NAI Vegas have been involved in investment and commercial real estate in Las Vegas since 1972 and have brokered, developed over $3 billion in transactions consisting of multifamily units, retail enters, office buildings and land.

Our strength is international and our passion and focus is local.

Source

NAI Vegas

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