Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire the “Villas at 6300” apartment community, a 280-unit multifamily asset located at 6300 West Lake Mead Boulevard in Las Vegas, Nevada.
Villas at 6300 was built in 1997 and offers prospective buyers with the unique opportunity to acquire a desirable asset in a Summerlin-adjacent submarket at a discounted price below replacement cost.
The Charleston Heights neighborhood directly benefits from strong employment drivers in the medical field, with Mountain View Hospital employing approximately 3,000 people in the submarket. Additionally, Whole Foods, Best Buy, and Nordstrom Rack are among some of the walkable amenities in the area.
Villas at 6300 is poised to take advantage of one of the premier rental markets in the United States while offering durable in-place cash flows and above-market appreciation opportunities through continued unit renovations. Currently, 101 units (36.07%) remain in classic (tier-1) condition, while 177 units (63.21%) have only been renovated to a partial (tier-2) scope, and just 3 units (1.07%) have been renovated to a full (tier-3) package.
Per CoStar, the 5-mile average household income is nearly $74K and the median household income is approximately $55K per year.
The Offering will be offered free and clear. We advise prospective buyers to discuss debt options with our team to be sure that they are underwriting the most competitive and current debt terms.
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