Sold.

Patrick Sauter, Art Carll-Tangora and Steve Nosrat of the Sauter Multifamily Advisors at NAI Vegas are pleased to announce the sale of Five89 Apartments, a 312 unit complex located at 4801 E Sahara Avenue, Las Vegas, NV. The property sold for $32,500,000 ($104,166 per door) on July 26, 2019. NAI Vegas was pleased to have represented Tower 16 Capital Partners as the buyer. Five89 Apartments is the latest of recent multifamily transactions closed by Sauter Multifamily Advisors.

Details.

  • $32,500,000 Sale Price
  • $104,166 Per Unit
  • 4.70% In Place Cap Rate
  • Class C Community
  • Built in 1983
  • Date Sold: 7/26/2019

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.