|
|
2/14/22
|
The Lennox, a 100-unit, luxury apartment community in Las Vegas, was sold in a transaction valued at $38.5 mil, or $385k per unit. Constructed in 2015, the Class A multifamily asset is located at 430 E Cactus Rd.
The Lennox offers a mix of one-bedroom, two-bedroom, three-bedroom, and penthouse floorplans. The community features an oversized fitness center, luxurious resident clubhouse and wi-fi lounges, resort-style pool, and luxury home finishes. In addition to the onsite amenities, residents also have access to nearby lifestyle retail and amenities along Saint Rose Pkwy.
Taylor Sims, Carl Sims and Brady Cleary with Cushman & Wakefield’s Multifamily Advisory Group in Las Vegas represented the seller, Interwest Capital Group, in the transaction.
“The Lennox is a top of market asset in the Silverado Ranch submarket, and also one of the nicer multifamily assets in the greater Las Vegas MSA,” said Taylor Sims. “It’s only 100 units, but is midrise construction with structured parking, well amenitized, and offers desirable floorplans. The demand for this kind of rental housing is extremely high in Las Vegas right now and we expect new ownership to do very well with this acquisition.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
