Rancho Del Rey Apartments Sold for $12.6 Million

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RanchoDelRayApartments2701 Decatur LLC bought the 17-year-old 192-unit Rancho Del Rey Apartments, on 8.76 acres, at 2701 N. Decatur Blvd., in Las Vegas for $12,560,000, or $65,417-per-unit, from Blue Valley Apartments Inc.  The buyer of the property was and the seller was. NAI Vegas’ Art Carll, Patrick Sauter and Devin Lee represented both the buyer and seller. The two-story, 173,920-square-foot complex was 90% occupied at the time of sale.