SOLD.
Wes Davis, Broker at NAI Excel is thrilled to announce the sell of a 10 unit multi-family portfolio in Southern Utah. The portfolio consisted of 3 Duplexes and 1 4-Plex which sold for a great price.
This portfolio was well maintained, professionally managed with a great rental history and a stabilized Capitalization (CAP) Rate. The new owner saw an opportunity to infuse a little cash and increase rents and value of the portfolio.
“The Multi-Family market is in high demand in Southern Utah, and the need for it appears to be strong rising. Vacancy rates continue to be low and Landlords are having continued success leasing .” Davis stated.
Davis negotiated a strong contract and was able to procure an attractive sales price and sell the portfolio in less than 3 months.
Wes Davis’ areas of expertise include buying, selling, and leasing (landlord and tenant representation) commercial and investment real estate. He is proficient in calculating cash-flow analysis, return on investment, analyzing and mitigating risk, feasibility studies, site selection, forecasting, portfolio analysis, market research, and negotiations. Wes has successfully brokered over $200 million dollars in commercial real estate transactions and has closed over 500 contracts.
Wes has also taken the time to give back to community as he coaches several youth sports, sits on the Board on the Caddy Group Business alliance a non-profit organization, is on the Professional Advisory Board for a local Bank and the Regional Hospital, and is the Vice President for Southern Utah Soccer Association.
About NAI Excel
NAI Excel was formed in 2001 from a joint venture between Southern Utah’s oldest commercial team and largest commercial brokerage firm, ERA Brokers Consolidated Commercial Division, and the premier commercial brokerage in Salt Lake City, NAI Utah. Originally NAI Utah Southern Region, we became NAI Excel better reflecting our commitment to helping clients excel in real estate across the Intermountain West.
NAI Vegas joined the NAI Global network of owners in 2011 giving us greater capacity to assist you both locally and across the world. Within NAI Vegas, The Sauter Multifamily Group continues to dominate its specialty practice while other broker teams lead the industrial, office, retail, and land sectors. Our global services platform provides an expansive and responsive structure enabling us to deliver superior results for owners, investors, and businesses.
NAI Excel and NAI Vegas are subsidiaries of Brokers Holdings, LLC. Brokers Holdings owns and operates both residential and commercial brokerages. It operates its residential brokerages under the ERA Brokers Consolidated brand and is licensed in Utah, Nevada, and Arizona. It operates its commercial brokerages under the NAI brand and is licensed in Utah, Nevada, and Idaho. With over 300 agents and staff, Brokers Holdings closes over 3,000 transactions worth nearly $1 billion in value each year and manages over $250 million in assets.