Las Vegas (October 11, 2019) －Jason Dittenber, Jerad Roberts, Devin Lee, CCIM, and Robin Willett of Northcap Commercial, are pleased to announce the recent sale of Sunset Apartments for $2,650,000 ($88,333/unit). This sale consisted of 30 multifamily units built in 1985, located at 1701 N. Rancho Drive, in Las Vegas, Nevada.
This ALL CASH transaction closed on October 10, 2019. Northcap Commercial represented the Sellers, Sunset City LLC.
For additional information, please contact:
Jason Dittenber
Northcap Commercial
jason@northcap.com
(702) 943-1915
Tivoli Village
400 S. Rampart Blvd., Suite 220
Las Vegas, NV 89145
ABOUT NORTHCAP
As a leading-edge commercial and residential real estate company focused on acquisition, brokerage and property management, Northcap is a dynamic industry leader that brings mastery to virtually every facet of the market. Northcap provides a full suite of services in commercial and residential real estate including site selection, acquisitions, development and management, investment brokerage, finance, leasing, sales and marketing – currently handling more than $1.4 billion of real estate assets that it manages for itself and on behalf of its investment partners.
Established in 2007, Northcap is comprised of investment, development and management professionals possessing exceptional real estate expertise and local market insight. Northcap’s real estate portfolio consists of approximately 7-million square feet of commercial real estate, over 450 single-family homes and 3,000 condo units located primarily across Las Vegas, Los Angeles, Cabo, and select US markets. It also provides HOA management and advisory, and currently has the most assets under control and opportunity zones in Nevada, totaling $280 million and growing, with its brokerage volume doubling in size year over year for the last 3 years. Northcap prides itself on selling the most condos in the state of Nevada within its wholly-owned properties including Allure, Juhl, Monterey at the Las Vegas Country Club, Montage, Newport Lofts, Ogden, One Las Vegas, Palms Place, Reno and Spanish Palms, totaling over 3,000 units with remaining developer sales at One LV, Ogden and Juhl.
Since 2009, Northcap has remained the fastest-growing commercial management company in Nevada. Cumulatively, its sites include more than 3 million sq. ft. of real estate and it now employs over 60 team members. The company’s existing portfolio of real estate assets is comprised of mixed-use, residential, retail, office, and luxury properties, with a robust portfolio in the recently renovated Downtown Las Vegas and other premier markets. Northcap has successfully repositioned more properties in Las Vegas than any other company in Nevada including The Lennox, with a value creation of $30 million; it has successfully transitioned the former Mannhatten West transitioned into the Grammercy, tripling the investment in value for ownership; and most recently took the 130,000 sq ft Tribeca from an $11million property to $30 million.
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Media Contacts:
Summer Cabrera, Neon PR
702-708-9640
