Meiji Sangyo Co Ltd purchased Waikiki Palms Apartments, a 26-unit apartment property located at 2565 Lynnwood Street in Las Vegas, NV. The asset sold for $1,300,000, according to Todd Manning, regional manager of Marcus & Millichap.
Michael R. LaBar and Michael L. Shaffner, both Vice Presidents of Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing and represented the seller, a private investor, in the transaction.