August 22, 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.