Cascade Apartments in Henderson, a 261-unit apartment complex located at 1100 North Center Street, has been sold by 3D Investments for $45.5 million ($174,330 per unit). The property is situated on just over 10 acres and is located along Center Street and East of Warm Springs Road in the Valley View submarket.
The buyer, Prism Multifamily Group Inc., was represented by Avison Young’s Sauter Multifamily team while the seller was also represented by them.
Built in 1982, this two-story garden-style community offers one-, two-, and three-bedroom floor plans with an average unit size of approximately 949 square feet. It is conveniently located near the Cadence Master planned community and only a short drive from Lake Las Vegas.
3D Investments prides itself on providing attractive investment options to investors worldwide as a real estate investment company. On the other hand, Prism Multifamily Group Inc., based in Toronto Canada specializes in apartment acquisitions and asset management as a real estate advisory company.
Connect CRE reports that Cascade Apartments have been sold off by their owner – global real estate investment firm “3D Investments” – for $45.5 million (equivalent to $174330 per unit). This multi-family housing complex consists of around ten acres worth land area situated along Center Street & eastward from Warm Springs Road within Henderson’s Valley View submarket; it comprises about two hundred sixty-one units overall.
Avison Young’s Sauter Multifamily team acted as representatives for both parties involved: purchaser “Prism Multi-Famly Group,” another reputable name hailing outta Toronto (Canada) who specialize mainly towards buying apartments plus managing assets alongside advising clients accordingly too!
Originally built back during ’82 year-end; this property features double-storeyed garden-styled homes offering various layouts like single bedroom ones or even more spacious three-bedrooms, with each averaging around 949 square feet. It’s placed closeby to Cadence Master planned community and just a short drive away from Lake Las Vegas.
3D Investments is an esteemed real estate investment firm that takes pride in providing lucrative options for investors worldwide; Prism Multifamily Group Inc., meanwhile, operates as a Toronto-based advisory company focused on apartment acquisitions & asset management.
