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Auctus Capital Partners Sells 200-Unit Alderra Apartment Homes In Puyallup For $56.45M
SOLD
Washington
See Similar DealsMultiFamily
Sold 10/03/2025
SOLD
Auctus Capital Partners Sells 200-Unit Alderra Apartment Homes In Puyallup For $56.45M
13507 99th Avenue East
See Similar DealsMultiFamily
Sold 10/03/2025
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is the Alderra Apartment Homes, a 200-unit multifamily property located at 13507 99th Avenue East in Puyallup, WA. The property was sold for $56.45 million, resulting in a per unit price of $282,250.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $56,450,000
- Units: 200
- Price Per Unit: $282,250
- Seller: Auctus Capital Partners
- Brokerage: CBRE
- Brokers involved: Eli Hanacek, Mark Washington, Kyle Yamamoto, Natalie Kasper
The sale was facilitated by CBRE, with the team of Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper representing Auctus Capital Partners in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,010,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$200,554.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$267,601.80
Annual Debt Service$3,211,221.59
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