Northcap Multifamily Arranges Sale of La Esperanza Apartments for $4,508,000

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Devin Lee, CCIMRobin Willett,Jerad Roberts, and Jason Dittenber,of Northcap Multifamily, are pleased to announce the recent sale of La Esperanza Apartments for $4,508,000 ($62,611/unit). This sale consisted of 72 multifamily units built in 1962, located at 900 to 1208 E. Carey Avenue, in N. Las Vegas, Nevada. This multiple parcel assemblage assemblage required simultaneous closing of 5 separate escrows.  The purchaser of this value-add opportunity plans extensive renovations to the property.

This transaction closed on June 20, 2018. Northcap Multifamily represented the Seller (Tayla Family Trust & Miklos Steuer Trs) as well as the Buyer (La Esperanza, LLC) in this off-market transaction.

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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