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Northcap Commercial Arranges Sale of Summer Place Apartments for $12,185,000

The 112-units Summer Place Apartments sold for $12,185,000 ($108,795/unit).

Photo Credit: Northcap Commercial

Jason Dittenber, Devin Lee, CCIM, Robin Willett and Jerad Roberts of Northcap Commercial are pleased to announce the recent sale of the Summer Place Apartments for $12,185,000 ($108,795/unit). This sale consisted of 112 units built in 1979 located at 27 N. 28th Street in Las Vegas, Nevada.

This transaction closed on November 5th, 2021. Northcap Commercial represented the Seller, Ramar Property LLC, on this sale.

“The Northcap Multifamily team took great care in my listing and hit it out of the park for me again with this transaction.  With their assistance, I increased my property value 80% in only 18 short months.  I will be sure to us the Northcap team on my next transaction.” – Ramar Property LLC

For additional information, please contact:

Jason Dittenber, Northcap Commercial

(702) 943-1915

Source: Northcap Commercial