Northcap Commercial Arranges Sale of Stax Studios for $8,650,000

24 September 2022

This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of the Stax Studios for $8,650,000 ($196,591/unit). This record price sale for downtown studios consisted of 44 units built in 1963, fully renovated in 2019, located at 501 S. 10th Street in Las Vegas, Nevada.

 

This transaction closed on August 22nd, 2022. Northcap Commercial represented the Seller, Clark Studio Investar LLLP, on this sale.

 

For additional information, please contact:

 

Devin Lee, CCIM

Northcap Commercial

This email address is being protected from spambots. You need JavaScript enabled to view it.

(702) 943-1901

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.