Northcap Commercial Arranges Sale of Morrell Park Apartments for $24,000,000

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته., Jerad Roberts, and عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته. of Northcap Commercial are pleased to announce the strategic acquisition of Morrell Park Apartments for $24,000,000 ($150,000/unit). This distinguished 160-unit community, built in 1981 and located at 525 Harris Street in Henderson, Nevada, represents a rare off-market opportunity in the Las Vegas Valley.

In a market where quality opportunities rarely surface publicly, this exclusive HUD loan assumption transaction demanded articulated speculation and patience. The buyer's strategic positioning and financial acumen proved instrumental in securing the asset and completing the intricate loan requirements amidst current market uncertainties.

Parker Pinkalla, Lead Principal for Tailwind Investment Group quotes: "Northcap Commercial's expertise in sourcing and navigating this off-market deal was invaluable.  Their team guided us through each hurdle with professionalism and strategic insight that made the process feel seamless, despite many complexities. They’ve earned our trust, and our next deal!” 

 

The transaction closed on December 3rd, 2025, with Northcap representing the Buyer.

For additional information, please contact:

 

Devin Lee, CCIM

Northcap Commercial

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.

(702) 369-8618

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145

 

Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3.5 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel GuideNorthcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته., and Jerad Roberts of Northcap Commercial are pleased to announce the recent sale of Woodridge Villas Apartments for $17,750,000 ($108,232/unit). This sale consisted of 164 units built in 1988, located at 1591 Chartered Circle in Las Vegas, Nevada.

 

This 10-day, all-cash transaction closed on September 26th, 2025. Northcap represented the Seller and procured the Buyer in the transaction.

 

For additional information, please contact:

 

Robin Willett

Northcap Commercial

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.

(702) 586-8800

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145

 

Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3.5 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel GuideNorthcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

Jerad Robertsعنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته., and عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

 

This transaction closed on April 29th, 2025. Northcap represented the Buyer in the transaction.

 

For additional information, please contact:

 

Jerad Roberts

Northcap Commercial

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.

(702) 943-1907

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145

 

Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3.5 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel GuideNorthcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

Jerad Robertsعنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته., and عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

 

This transaction closed on April 29th, 2025. Northcap represented the Buyer in the transaction.

 

For additional information, please contact:

 

Jerad Roberts

Northcap Commercial

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.

(702) 943-1907

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145

 

Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3.5 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel GuideNorthcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

Jerad Robertsعنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته., and عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

 

This transaction closed on April 29th, 2025. Northcap represented the Buyer in the transaction.

 

For additional information, please contact:

 

Jerad Roberts

Northcap Commercial

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.

(702) 943-1907

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145

 

Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3.5 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel GuideNorthcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

Jerad Robertsعنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته., and عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

 

This transaction closed on April 29th, 2025. Northcap represented the Buyer in the transaction.

 

For additional information, please contact:

 

Jerad Roberts

Northcap Commercial

عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته.

(702) 943-1907

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145

 

Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3.5 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel GuideNorthcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

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