Marcus & Millichap announced the sale of Sage Point Apartments, a 128-unit apartment property located at 1400 E Reno Ave., in Las Vegas. Built in 1982, the property is located just minutes from UNLV, McCarran International Airport, and the Las Vegas Strip. The asset sold for $7,000,000, according to Todd R. Manning, sales manager of the firm’s Las Vegas office. Cameron Glinton, a senior associate in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller DT Las Vegas IV LP. The buyer, Westland Sage Poiint LLC, was also secured by Glinton.
