LAS VEGAS, August 26, 2019 – On behalf of Haven Realty Capital, Cushman & Wakefield completed the sale of Mountain Vista to an undisclosed buyer for $17.75 million.
Taylor Sims and Carl Sims of Cushman & Wakefield represented the seller. This marks the team’s third time selling the asset. Taylor stated, “This was a great value-add acquisition for the buyer, as 50% of the units had been renovated by previous ownership, proving their rent thesis.”
Mountain Vista, a 178-unit apartment complex located at 3950 S. Mountain Vista Street in Las Vegas, is conveniently located near major commuter freeways, local shopping center, dining venues, and minutes from the Las Vegas strip.
Built in 1979, the two-story property features a mix of one-, two and three-bedroom floor plans. Unit interiors offer walk-in closets, balconies, storage space, and high speed internet access. The community features a business center, breakfast/coffee concierge, grills, fitness center, laundry facilities, pool, and a picnic area.
|About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.