Trending Multifamily News
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.,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 Multifamily, are pleased to announce the recent sale of Merlayne Villas Apartments for $2,800,000 ($87,500/unit). This sale consisted of 32 multifamily units built in 1994, located at 409-417 E. Merlayne Drive in Henderson, Nevada.
This off-market transaction closed on August 23, 2018. Northcap Multifamily represented the Seller (HKAS, Ltd.).
For additional information, please contact:
Devin Lee, CCIM
Northcap Multifamily
This email address is being protected from spambots. You need JavaScript enabled to view it.
(702) 943-1901
1127 S. Rancho Drive
Las Vegas, NV 89102
Northcap is a Las Vegas-based, international real estate companyfocused 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 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel Guide. Northcap 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.
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.,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 Multifamily, are pleased to announce the recent sale of Desert Manor, a mixed-use investment located on an entire city block for $11,525,000. This sale consisted of 191 multifamily units; 6,364 square feet of retail space; and .89 acres of land built in 1979, located at 629 S. Main Street in Las Vegas, Nevada.
“When we sold our apartment building in Downtown Las Vegas, Devin Lee and the Northcap Multifamily team did two things for us. First, through extensive marketing efforts, he and his team drummed up a great deal of interest in our property in a short time. This translated into a very rewarding sales price for our non-traditional asset. Second, Devin’s peaceful temperament and consistent follow-up set everyone’s mind at ease every step of the way, ensuring a smooth transaction. As a Seller, what more could I want? When It comes time to sell my next Las Vegas apartment property, it will be listed with Devin Lee and the Northcap Multifamily team.”
-Jonathan Kermani, World Investment Network
This transaction closed on August 8, 2018. Northcap Multifamily represented the Seller (1060 Broadway, LLC).
For additional information, please contact:
Devin Lee, CCIM
Northcap Multifamily
This email address is being protected from spambots. You need JavaScript enabled to view it.
(702) 943-1901
1127 S. Rancho Drive
Las Vegas, NV 89102
Northcap is a Las Vegas-based, international real estate companyfocused 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 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel Guide. Northcap 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.
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.,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 Multifamily, are pleased to announce the recent sale of Tammany Hall and Rochelle Manor Apartments for $7,475,000 ($50,168/unit). This sale consisted of 149 multifamily units built in 1972, located at 4320, 4340 and 4386 Escondido Street in Las Vegas, Nevada. The purchaser of this value-add opportunity plans extensive renovations to the property.
“Devin Lee and his team at Northcap Commercial are truly dedicated professionals. They worked tirelessly to put our deal together. Through his strong relationships with owners and commitment to both parties, he was able to bring a complicated off-market transaction together. During due diligence and escrow, he and his team went above and beyond to assist both seller and buyer in locating information and understanding the asset. Additionally, when significant title issues were identified, through his extensive contacts and experience with real estate financing, he was able to resolve these matters and push the sale to closing – all within a three-week time frame to meet our 1031 exchange deadline! Thank you Devin and your team for making us look great.”
-Erik Lorscheider, The Lighthouse Group
This off-market transaction was a 20-day escrow and closed on July 25, 2018. Northcap Multifamily represented the Seller (Indiana, LLC).
For additional information, please contact:
Devin Lee
Northcap Multifamily
This email address is being protected from spambots. You need JavaScript enabled to view it.
(702) 943-1901
1127 S. Rancho Drive
Las Vegas, NV 89102
Northcap is a Las Vegas-based, international real estate companyfocused 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 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel Guide. Northcap 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.
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.,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 Multifamily, are pleased to announce the recent sale of Flower Terrace Apartments for $2,500,000 ($62,500/unit). This sale consisted of 40 multifamily units built in 1963, located at 225 Flower Ave in Las Vegas, Nevada.
This off-market transaction closed on July 11, 2018. Northcap Multifamily represented the Seller (Propriety Redux, LLC).
For additional information, please contact:
Jerad Roberts
Northcap Multifamily
This email address is being protected from spambots. You need JavaScript enabled to view it.
(702) 943-1907
1127 S. Rancho Drive
Las Vegas, NV 89102
Northcap is a Las Vegas-based, international real estate companyfocused 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 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel Guide. Northcap 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.
