Northmarq’s Las Vegas office completes $60.225M sale of Martinique Bay Apartments in Henderson, NV

HENDERSON, Nev. (Jan. 27, 2025) — Northmarq’s Las Vegas Multifamily Investment Sales team led by Taylor Sims and Thomas Olivetti successfully completed the $60.225 million sale of Martinique Bay Apartments, a 256-unit multifamily housing community at 3000 High View Drive in Henderson, Nevada.

Northmarq represented the seller, Security Properties. The buyer was Clarion Partners Real Estate Income Fund (CPREX).

“Martinique Bay presented Clarion with the perfect opportunity to enter the Las Vegas multifamily market with an experienced partner who has successfully operated the property since 2017,” Olivetti said.

Built in 1989 and remodeled over the past seven years, Martinique Bay features two- and three-bedroom units averaging 1,089 sq.tt. The property features 28 units in their “classic” state, featuring black appliances, dark laminate countertops, carpeting with vinyl flooring in wet areas, no baseboards, track lighting in the kitchen, and flat panel cabinets without hardware. Approximately 228 units have undergone renovations, which feature stainless steel appliances, flush mount kitchen lighting, refreshed cabinet faces, light laminate countertops, and baseboards.

Community amenities include a large pool surrounded by lush landscaping, sparking spa and lounge area, BBQ/picnic area, fitness center with cardio and strength training, community clubhouse, cinema room, gated access, covered parking available, bike rack and bike storage, on-site management and maintenance, and more.

Martinique Bay is conveniently located in the Green Valley submarket of Henderson, a short drive of Interstates 11, 15 and 215. It boasts close proximity to nearby restaurants, shopping, and golf courses. It is 3.6 miles from McCarran International Airport and less than 10 miles from the Las Vegas Strip.