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4249 N. Commerce Street | North Las Vegas, NV 89032

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

CONTACT Info

Charles Steele 

Senior Managing Director 602.319.5007 charles.steele@berkadia.com AZ License #SA645142000

JARED GLOVER

Senior Director 602.526.4800 jared.glover@berkadia.com NV License #B.0144864

John Cunningham 

Senior Managing Director 602.625.7476 john.cunningham@berkadia.com AZ License #BR034840000

PHOTO GALLERY

336 Units

Built 1999

Avg SF 916

Berkadia is proud to exclusively present Tides on Commerce, a 336-unit value-add opportunity in North Las Vegas, NV. This meticulously maintained community has benefited from over $2.3 million in capital improvements aimed at enhancing curb appeal, marketing, and resident experience. The value-add strategy has proven successful, with full interior renovations achieving an average $325 premium over classic units. The community's interior renovations, along with its low-density site plan, resort-style pool, and recent common area and exterior capital improvements, provide a strong foundation for modernization. Tides on Commerce offers a diverse mix of renovation levels, giving investors the flexibility to develop a tailored repositioning strategy. With a booming industrial sector, a significant proportion of residents aged 18-35, and strong population growth, North Las Vegas offers a highly favorable economic environment for Tides on Commerce. Population growth in North Las Vegas is outpacing housing supply by approximately 3 to 1, presenting a strategic opportunity to capitalize on future housing scarcity. The city's economy is driven by diverse industries, including manufacturing, logistics, healthcare, and technology, making it a prominent hub for business expansion. This is evidenced by new developments like The Apex Industrial Park, the largest industrial development in Southern Nevada, which has attracted strong tenants such as Ball Corporation and Smith’s. As North Las Vegas continues to diversify its economic base, its outlook for sustained growth remains highly positive. North Las Vegas’s growing demand is supported by the metro’s strong rental fundamentals and unique supply and demand dynamics. Las Vegas leads major markets in job growth through 2024 and has one of the leanest incoming supply pipelines among major MSAs. Population and employment are projected to grow by 10.6% and 8.3%, respectively, through 2029. Future job growth is further bolstered by several transformative $1B+ developments, including the Mirage’s transformation into a new 700-foot guitar-shaped Hard Rock Hotel and Casino, the Las Vegas A’s stadium, a new mixed-use project featuring an NBA arena and the tallest hotel tower in Las Vegas, and the city’s first children’s hospital. Tides on Commerce is strategically positioned to capitalize on this robust growth, offering investors a rare opportunity to acquire a quality, value-add asset in one of the nation’s most dynamic and rapidly evolving markets.

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THE OPPORTUNITY

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IVESTMENT HIGHLIGHTS

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1990s Vintage, Garden-Style Community with Substantial Recent Capital Infusion

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4249 N. Commerce Street North Las Vegas, NV 89032

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Exceptional, Proven Value-Add Upside

Recent Re-Stabilization offers Strong Effective Rent Growth

City of North Las Vegas 11th Fastest-Growing City in US

Limited Construction Pipeline Keeping Upward Pressure on Rents and Occupancy

Las Vegas Population and Job Growth Significantly Outpacing Supply

9' Ceilings

120 Garages