SPECTRUM APARTMENTS / 348 UNITS / NOD FILED 11.5.2010

SPECTRUM APARTMENTS / 348 UNITS / NOD FILED 11.5.2010

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

CALL FOR COMPLETE BUYERS REPRESENTATION
SERVICE FOR TRACKING, DATA GATHERING AND
BEING POSITIONED FOR SHERIFFS AUCTION ON
FORECLOSURE COMMERCIAL
Ph 208 390 0737

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SPECTRUM APARTMENTS - NOD 11.5.2010

348 units
19.77 ac
built 1991

bought 5/2000 for $ 15 650 000
loan $ 11 700 000

60 N Pecos Rd
Las Vegas, NV 89101

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STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

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STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

sq ft 6185
built 1998

bought in 5/1998 for $ 453 500
loan amount $ 487 500

17 E Brooks Ave
North Las Vegas, NV 89030

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Storage Complex / Notice of Default filed 10.30.10 / Las Vegas Nevada

Storage Complex / Notice of Default filed 10.30.10 / Las Vegas Nevada

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SOUTH TECH CHEYENNE STORAGE COMPLEX - NOD 10.30.10

built 2007
27 530 sq ft
1.66 acres

$ 13 450 000 price paid 8.2005

loan amount $ 3 411 768

2475 W Cheyenne Ave
North Las Vegas, NV 89032

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Paramount Motel / Sheriffs Sale 11.16.2010 / Las Vegas Nevada

Paramount Motel / Sheriffs Sale 11.16.2010 / Las Vegas Nevada

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PARAMOUNT MOTEL - NOS 11.16.2010

Sheriffs Sale 11.16.2010

156 UNITS
57 790 sq ft ( approx 370 sq ft unit )
1.17 ACRES
built 1963

BOUGHT 4/2004 FOR $ 3 945 000
loan amount $ 2 200 000

est bid $ 2 490 000

1213 S Las Vegas Blvd
Las Vegas, NV 89104

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275 unit condo complex ( 248 units vacant and ready for sale ) - Las Vegas Blvd - 12 000 sq ft retail commercial

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

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Las Vegas Blvd - $ 42 million plus buyers commission costs

* developer will consider joint venture

275 unit luxury condo complex / 248 vacant and for sale

New construction

12 000 sq ft prime retail location is ready for tenants

- All retail suites have Las Vegas Blvd address and
prime signage opportunity

- Ample parking dedicated to retail customers

- Landscaped patio seating along LV Blvd

- Restaurant space, grease intercept ready

- Strong daytime population of
office professionals

- Zoning C-2 City of Las Vegas

- Suites from 980 - 4000 sq ft

247 class c apartments - Las Vegas - BEST PER DOOR COST IN lAS vEGAS

www.buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

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247 class c apartments units in the old Vegas area.

The bank has this as an REO fee simple deal.

$ 5 225 000

This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.

336 unit condo / apartment rental complex - Near Summerlin - Las Vegas NV

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

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336 unit / $ 37 080 000

class A condo / apartment complex

net rentable area 332 784 sq ft

year built 1998

land area 16.16 ac

Full size washer/dryer in each unit

Fireplaces in second floor units

Large private patio / balcony with additional storage

State of art fitness center

Clubhouse

Resort style 24 hr swimming pool / spa

Borders Summerlin

Close proximity to class A office buildings, neighborhood shopping centers,
fashion, retail and restaurants

UNITS

128 1br / 1 bath 815 sq ft

56 2 br / 2 bath 998 sq ft

120 2 br / 2 bath 1104 sq ft

32 3 br / 2 ath 1253 sq ft

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3 568 000 gross rent potential

214 000 vacancy ( 6% actual )

3 354 000 net rental
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187 394 other income

107 094 utility reimbursement
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3 648 488 gross operating income

1 239 316 expenses

1 594 092 loan

815 080 cash flow
OPERATING EXPENSES

391 652 office payroll
107 512 management
33 600 landscaping
97 000 repairs / maintenance
226 800 utilities
28 560 advertising
35 400 insurance
234 792 property taxes
84 000 capital reserves
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1 239 316 total expenses