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« Nevada Bank Commercial REO List – July 6 Southern AZ Apartment Portfolio »

Nevada Commercial REO – PULLED

Category: Commerical REO

Member Post

-Cost was $180mm to build
-$24mm was cost of dirt
-Take down price $49mm
-Partner worked on it for 6 months and then the bank was seized
-They got it from the FDIC
-Total unit count is 278
-Entire project is available
-No income currently
-12,000 Sq. Ft. on ground floor is commercial
-Hooters , Dunkin donuts, Starbucks, (To name a few) want to occupy space there
-7 story parking
-Garage, club house with kitchen, game room, gym.
-lobby manned 24/7
-90% have balconies, granite counter tops, some hardwood floors, etc.
-Has paperwork of everything since the day he started working on it. Left no stones unturned
-A new stadium going up a block and a half away in 3 years
-Pictures available when buyer calls the office
-Class A
This is a prime hotel in NV, that can be viewed as required.

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