SPARKS, NV - Sunroad Enterprises, a San Diego-based real estate investment and development firm, has acquired the Marina Village Apartments located in the Marina Village neighborhood of Sparks, Nevada for an undisclosed price. The property is located at 350 Harbour Cove Drive, Sparks, NV.
“Marina Village Apartments is a modern, highly-amenitized property in the vibrant and rapidly growing neighborhood of Sparks,” said Dan Feldman, President of Sunroad Asset Management. “The property is a strong addition with value add potential to Sunroad Enterprises’ continually growing Nevada portfolio of multi-family projects.”
Marina Village Apartments features a mix of one-, two- and three-bedroom units that were recently upgraded with modern features and finishes. Sunroad Enterprises plans to further enhance the property with gym and outdoor community area renovations.
“Marina Village is a unique property that fits well within our existing portfolio,” said Mike Dow, Executive Vice President of Sunroad’s Multifamily Division. “The acquisition of Marina Village comes at a time of strong growth for Sunroad Enterprises. We are excited to expand our footprint in Nevada and solidify our Western region growth with this dynamic project.”
The acquisition of the Marina Village Apartments increases Sunroad Enterprises’ rapidly growing Multifamily Division, which is now more than 4,000 units in various stages of new vertical construction or active value add renovation. Sunroad’s multifamily growth has been primarily focused in California, Arizona, Washington, and Nevada.