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FPA Multifamily Acquires 74-Unit River Lofts In Tualatin From Next Wave Investors For $15.8M
SOLD
Oregon
See Similar DealsMultiFamily
Sold 05/30/2025
SOLD
FPA Multifamily Acquires 74-Unit River Lofts In Tualatin From Next Wave Investors For $15.8M
18540 Southwest Boones Ferry Road
See Similar DealsMultiFamily
Sold 05/30/2025
Summary
OREGON
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 18540 Southwest Boones Ferry Road in Tualatin, OR. The property consists of 74 units and was sold for $15,800,000, translating to a price per unit of $213,514.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $15,800,000
- Units: 74
- Price Per Unit: $213,514
- Buyer: FPA Multifamily
- Seller: Next Wave Investors
- Buyer's Representative: Anthony Palladino, Philip Assouad, Giovanni Napoli, Nick Ruggiero & Ryan Harmon - Institutional Property Advisors (IPA)
- Seller's Representative: Georgie Christensen-Riley - Marcus & Millichap
The transaction was facilitated by Institutional Property Advisors and Marcus & Millichap, highlighting the involvement of both firms in orchestrating the deal between FPA Multifamily and Next Wave Investors.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$842,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,134.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,900.06
Annual Debt Service$898,800.73
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