Updated Oct 28, 2024
Security Properties And Funds Acquires Multifamily Property In Tualatin For $70M
Tualatin, Oregon, United States
$70,000,000
Units
180
Asset Type
MultiFamily
Closing
Jun 12, 2022
About this deal
AI
Located at 17865 SW Pacific Hwy in Tualatin, OR, the multifamily property has been sold in a recent transaction. The property consists of 180 units and was sold for a total price of $70,000,000, resulting in a per-unit price of $388,889. The sale involved the buyer, Security Properties and Funds, and the seller, Mountain West Investment Corporation. The deal was facilitated by Joe Nydahl from CBRE.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Units: 180
- Price per Unit: $388,889
- Buyer: Security Properties and Funds
- Seller: Mountain West Investment Corporation
- Broker: Joe Nydahl - CBRE
Joe Nydahl from CBRE played a crucial role as the broker representing both the buyer and the seller in this transaction. With their expertise, they successfully facilitated the deal between Security Properties and Funds and Mountain West Investment Corporation.
Players
Tualatin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93