About
About CasaBella Apartments
Cushman & Wakefield is pleased to present the exclusive opportunity to acquire the 184-unit "CasaBella" apartments in Las Vegas, NV. The property is comprised of two phases, the 120-unit "CB1" and 64-unit "CB2". CB1 is located at 4965 South Nellis Boulevard, while CB2 is located one block down Tropicana Avenue. The Paradise Valley East Submarket is one of the fastest growing and best performing multifamily markets in the Valley, placing CasaBella as a limited-risk investment with superior rent growth prospects and long-term value appreciation potential.
Yardi, Axio, Real Page, and CoStar project Las Vegas to be among the top 5 major metros in the nation for rent growth over the next five years, with CoStar projecting rent growth of over 25% in the next 36 months
The Paradise Valley East Vegas submarket experiences the highest demand for upper blue-collar workforce housing in the valley. The lack of quality inventory in this submarket puts CasaBella in an attractive position. Additionally, CasaBella is close to shopping & transportation and has great visibility on one of the major thoroughfares in the valley.
The CasaBella apartments offer investors the unique opportunity to acquire a new construction asset at a discounted price, below replacement cost, to all other new construction sales in the past two years. Additionally, investors will have the opportunity to begin a renovation scope that will help lift rents even further.
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