The 136-unit Sequoia Meadows apartments, located at 5301 West Pioneer Avenue in Las Vegas, Nevada, sold on October 23, 2018 for $22,250,000 ($163,603 per unit).
Thomas Olivetti, Trevor Koskovich and Bill Hahn of Marq Multifamily in Las Vegas represented the seller in the transaction.
“Sequoia Meadows is a unique and well-located, value-add multifamily asset two miles west of The Strip,” says Olivetti, “Operations at the property will continue to improve by completing interior upgrades and taking advantage of new development in the Chinatown corridor.”
The apartment community, built in 1989, comprises 136-units situated on 10.94 acres. All units are 1,200 square feet, 2-bedroom/2-bathroom with full-size washers & dryers.
Monterey Park LV 136 LLC was the seller.