HENDERSON, NV-The 368-unit Summit at Sunridge apartment complexhas gone on the market at an asking price of $47.6 million,according to CB Richard Ellis brokers who are the listing agentsfor the property. The complex, built in 1997 is at 11000 S. EasternAve. and is close to the master-planned developments of Anthem,Seven Hills, and McDonald Ranch.

The 368 apartments include 192 two-bedroom units, 112one-bedrooms and 64 three-bedroom units. The one-bedroom unitsrange from 725 square feet to 925 square feet and are being rentedat rates of $805 to $929. The two-bedroom apartments range from1,009 to 1,110 square feet at rents of $1,065 to $1,104, and thethree-bedroom units measure 1,229 square feet, renting for$1,269.

The CBRE marketing team includes senior vice presidents SpencerBallif and Jeff Swinger in the company's Las Vegas office alongwith vice chairmen Tyler Anderson and Sean Cunningham of CBRE'sPhoenix office. According to marketing materials for the project,the Summit is a gated complex that features two swimming pools, twospas, a clubhouse with a kitchen and business center, a fitnesscenter, barbecue areas and other amenities.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.