Terra Cotta Villas Apartments Sells for $37.8 Million in Las Vegas

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Avison Young’s Sauter Multifamily Group closed the sale of the $37.8 million ($277,941 per unit) Terra Cotta Villas Apartments, a 136-unit property located at 4080 W. Twain Ave., Las Vegas, NV 89103.

Avison Young Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat represented the seller in this transaction which was completed in under 30 days.

Built in 1988 and recently renovated, the new owner will have the opportunity to continue improving the property and benefit from the increasing rental rates in Las Vegas.

Source: Avison Young Las Vegas Office

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