Sold.
Patrick Sauter and Art Call-Tangora, the Sauter Multifamily Advisors at NAI Vegas are pleased to announce the sale of The Cottages Apartments, a 180 unit complex located at 5500 West Cheyenne Avenue, Las Vegas, Nevada. The Sauter Multifamily Advisors was pleased to have exclusively represented the seller, TOMO JD, LLC in the sale of the property to Avenue North LLC. The property sold for $18,400,000 ($102,222 per door) on June 17, 2019. The Cottages is the latest of recent multifamily transactions closed by Sauter Multifamily Advisors.
About NAI Vegas
NAI Vegas and the Sauter Multifamily Advisors is a member of NAI Global with over 400 offices and 7,000 professionals covering nearly every major market nationally and across the globe. NAI Vegas has a long history of investment transactions in the Las Vegas market with a focus on multifamily. NAI Vegas has been involved in over $2 billion dollars in transactions including multifamily, office, retail, industrial, and land.