Ai.20 - 2018 Sales
2018 “ ” APARTMENT INSIDER - 20 | LAS VEGAS SALES EDITION | 2018 YEAR - END CONTENTS 01 CLASS “A” SALES 02 CLASS “B” SALES 03 CLASS “C” SALES 04 2018 SALES SUMMARY 05 NOTABLE TRANSACTIONS 06 50 UNITS + LESS CLASS “A” South Beach Resort - 8920 West Russell Road; Las Vegas, NV 89148 Price: $62,000,000 Price per Unit: $281,818 Brokerage: Cushman & Wakefield Price per SF: $258.44 2018 TRANSACTION VOLUME Q1 $59,650,000 426 units Q2 $200,850,000 913 units Q3 $44,032,265 210 units Q4 $206,750,000 929 units TOTAL: $511,282,265 KEY METRICS $63,910,283.13 Average Sale $206,328.60 Average $/Unit $199.78 Average $/SF 5.04 % Lotus Apartments - 3463 Procyon Street; Las Vegas, NV 89102 Price: $77,000,000 Average Cap Rate Price per Unit: $261,016 Brokerage: Off-Market Price per SF: $276.98 APARTMENT INSIDER - 20 | APARTMENT LAS VEGAS SALES EDITION SALES VEGAS LAS | A CLASS SALES - 2018 SALES | A CLASS CLASS “A” CLASS PROPERTY NAME CITY ZIP UNITS YEAR BUILT PRICE PRICE / UNIT RENTABLE SF PRICE/SF DATE ULTRIS ARROW CANYON Las Vegas 89081 426 2009 $59,650,000.00 $140,023.47 459,816 $129.73 02/2018 5005 LOSEE RD CASTILE Henderson 89074 498 2017 $99,600,000.00 $200,000.00 457,008 $217.94 04/2018 1545 WEST WIGWAM PARKWAY GRAMERCY, THE Las Vegas 89148 160 2008 $37,000,000.00 $231,250.00 220,053 $168.14 05/2018 9215 WEST RUSSELL ROAD ELYSIAN AT SOUTHERN HIGHLANDS Las Vegas 89141 255 2013 $64,250,000.00 $251,960.78 341,605 $188.08 06/2018 12020 SOUTHERN HIGHLANDS PARKWAY BOCA RATON CONDOMINIUMS Las Vegas 89123 210 2007 $44,032,265.00 $209,677.45 244,447 $180.13 08/2018 2405 - 2455 W.
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