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Dear Nathalie,
We are pleased to share with you the exciting news of our recent accomplishment in closing an $9.5 million off-market deal on an 83-unit low-income housing project in the Difficult Development Area (DDA) of West Las Vegas.
The success of this transaction is credited to MDL Group's top agents, Buck Hujabre and Mervat Berry, CCIM. This transaction exemplifies our commitment to excellence in the commercial real estate sector. Our ability to navigate challenges and secure a deal above market value underscores our expertise in investment sales, and assemblage in the multifamily sector.
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- Closed on an 83-unit, $9.5 million ($114,458 per door) off-market deal in West Las Vegas on Friday, January 19th.
- Negotiated an impressive $2 million above market value for the value-add investment play.
- Buyer plans to improve and stabilize the asset, capitalizing on the area's significant redevelopment potential for affordable housing.
- Transaction executed while in probate court, providing increased cash flow and returns for the experienced buyer.
- Entire deal sourced off-market by MDL Group's top agents, Buck Hujabre and Mervat Berry, CCIM.
- Senior Vice President Buck Hujabre also sourced the Buyer's broker, Edward Orasi with KW Commercial.
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This success positions us as one of the premier commercial real estate brokers in the Las Vegas market. We are proud of our team's accomplishments and look forward to continuing to provide exceptional service and results.
Should you have any inquiries or wish to discuss potential collaboration opportunities, please feel free to contact us.
Best regards,
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5960 South Jones Boulevard
Las Vegas, Nevada 89118
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