Canyon Pointe Apartments Sell At A 5.2 Cap

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Canyon PointePatrick Sauter, Art Caril and Jerad Roberts of NAI Las Vegas: Sauter Multifamily Group represented the seller Blue Valley Apartments, Inc. and the buyer 670 Vegas Apartments, Inc.in the sale of Canyon Pointe Apartments, a 670 unit Multifamily property located at 5421 E. Harmon Ave. Las Vegas, NV 89122. The total transaction value of this sale is $28,250,000.00. Devin Lee, CCIM procured financing of $18,500,000.00 for the purchaser.

The approximate aggregate value of the transaction is $42,164 per apartment door.