Northcap Commercial Multifamily Arranges Sale of Desert Manor for $11,525,000

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Devin Lee, CCIMRobin Willett,Jerad Roberts, and Jason Dittenber,of Northcap Commercial Multifamily, are pleased to announce the recent sale of Desert Manor, a mixed-use investment located on an entire city block for $11,525,000. This sale consisted of 191 multifamily units; 6,364 square feet of retail space; and .89 acres of land built in 1979, located at 629 S. Main Street in Las Vegas, Nevada.

“When we sold our apartment building in Downtown Las Vegas, Devin Lee and the Northcap Multifamily team did two things for us.   First, through extensive marketing efforts, he and his team drummed up a great deal of interest in our property in a short time. This translated into a very rewarding sales price for our non-traditional asset.  Second, Devin’s peaceful temperament and consistent follow-up set everyone’s mind at ease every step of the way, ensuring a smooth transaction. As a Seller, what more could I want? When It comes time to sell my next Las Vegas apartment property, it will be listed with Devin Lee and the Northcap Multifamily team.”

 -Jonathan Kermani, World Investment Network

This transaction closed on August 8, 2018. Northcap Multifamily represented the Seller (1060 Broadway, LLC).

For additional information, please contact:

Devin Lee, CCIM

Northcap Multifamily

devin@northcap.com

(702) 943-1901

1127 S. Rancho Drive

Las Vegas, NV 89102

Northcap is a Las Vegas-based, international real estate companyfocused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel Guide. Northcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.

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