Viridian Apartments and Topaz Apartments Sell for $129.7 Million

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Las Vegas, NV – Avison Young’s Sauter Multifamily Group is pleased to announce the sale of Viridian Apartments (456 units) located at 4255 W Viking Rd, Las Vegas, NV 89103 and Topaz Apartments (252 units) located at 4020 Arville St, Las Vegas, NV 89103, which closed at $129.7 million ($183,192 per unit) on March 31, 2022.

Avison Young Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat are pleased to have been able to work with the buyer and seller to facilitate the sale.

Viridian Apartments was built in 1981 and Topaz Apartments was built in 1985. The properties present a significant investment opportunity for the buyer in the thriving Las Vegas Multifamily market.

For more information:

Patrick Sauter, Principal

702.475.7726

Patrick.Sauter@avisonyoung.com

 

Art Carll-Tangora, Principal

702.468.3490

Art.Carll@avisonyoung.com

 

Steve Nosrat, Principal

702.780.6758

Steve.Nosrat@avisonyoung.com

 

The group principals have been involved in investment and commercial real estate in Las Vegas since 1992 and have brokered over $6 billion in transactions consisting of multifamily units, retail centers, office buildings and land.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.

www.avisonyoung.com

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