NAI Vegas Sells New 48-Unit Apartment Complex

Mesquite, NV (December 1, 2021) – NAI Vegas is pleased to announce the sale of Casa Playa Villas, a new 48-unit apartment community located in Mesquite, Nevada. The property sold for $7,500,000.

Casa Playa Villas opened in early 2021 and features 48 studio apartments across four separate, three-story buildings. Units are accessible by stairs and elevators, and feature granite countertops, stainless steel appliances, and a full-size washer and dryer.

Michael Albanese of NAI Vegas was the exclusive listing agent and represented the Seller in the transaction.

“We identified several interested parties right away and put the property under contract a week later,” stated Mr. Albanese. “It was a great deal for the buyer and the seller, and for the City of Mesquite, which received some much-needed new rental housing.”

Casa Playa Villas is the first new apartment complex built in Mesquite in eleven years and sits within walking distance of City Hall and Hunter Sports Park.

About NAI Vegas and NAI Excel

NAI Excel and NAI Vegas are leading providers of Commercial Real Estate Services in the West. Operating as NAI Vegas in Nevada, and NAI Excel in Utah and Idaho, we are part of the NAI Global network covering nearly every major market nationally and across the globe. Serving both urban and rural markets, we leverage our resources to help you excel in your real estate goals. When you work with one of our team, you get the benefit of working with all of us.

Michael Albanese

With over 12 years of Multifamily Management, Michael brings a wide range of skills and experience tailored towards Multifamily investing. With his knowledge of the local market, sales/rental trends, performance obstacles, multifamily specific financials, and asset capital scopes/ROI, Michael offers a unique insight into Multifamily Value add opportunities for his clients and potential investors.