Two Grubb & Ellis brokerage offices negotiated the sale of the Tango Condominium Homes in Las Vegas, for $17.3 million.
Tango Condominium Apartments Las Vegas LLC sold the property, located at 6570 W. Flamingo Drive, to an unidentified buyer.
The 136-unit, 117,584-square-foot complex was originally built as condominiums and has a condominium map in place, allowing the buyer the option to sell the units as condominiums in the future. Tango sits on more than six acres of land, and is less than 10 minutes east of the famous Las Vegas Strip.
The Tango Condominiums complex comprises 10 buildings, with 48 one-bedroom, one-bath units at 708 square feet, and 88 two-bedroom, two-bath units at 950 square feet. Property amenities include a gated pool and spa area with a rock waterfall feature, a fitness center with exercise equipment, and a fully functional clubhouse with kitchen, media center and business center.
San Diego-based Grubb & Ellis/BRE Commercial and Grubb & Ellis/Las Vegas are privately held commercial real estate brokerage firms operating in Southern California and Nevada, respectively.