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Tualatin, Oregon, United St...

Updated Oct 28, 2024

Security Properties And Funds Acquires Multifamily Property In Tualatin For $70M
SOLDMultiFamily

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

Joe Nydahl

CBRE

Broker

$666.3M

vol

13 deals

Broker

Tualatin MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $388.9K per unit across 180 units on a published $70M (2022).

Visit Joe Nydahl to view all their deals.

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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

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