Refurbished apartments change hands in Las Vegas

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Marcus & Millichap negotiated the sale of Sahara Gardens Apartments in Las Vegas. The value of the transaction was $15.8 million. Sahara Gardens is located a 4801 E. Sahara Drive. The sale includes 273,920 rentable square feet on approximately 13 acres. The 312-unit community was constructed in 1983 and recently refurbished. Dallas, Texas-based Westdale Sunbelt Properties sold the property to a San Francisco-based investment partnership. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to