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Tides Equities Closes $37 Mil Multifamily Purchase in Las Vegas

5/02/22

Skyline Parc, a 193-unit, garden-style multifamily property in Las Vegas, has traded hands in a $37.3 mil ($193.3k/unit) transaction. The buyer was Tides Equities LLC.

The property, located at 3675 Cambridge St, was built in 1972 and renovated in 2020. Offering residents one- and two-bedroom floorplans with an average unit size of 801 sf, the property includes amenities such as a covered parking, children’s play area, and swimming pool.

Skyline Parc is located in the University District Submarket of Las Vegas, and is just minutes from the University of Nevada Las Vegas, Harry Reid International Airport, and the world-famous Las Vegas Strip.

Patrick Sauter, Art Carll-Tangora, and Steve Nosrat with Avison Young represented the seller, Laguna Pointe Properties, in the transaction.




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