Updated Sep 9, 2024
Marcus & Millichap Sells Victory Manor In Pasco, WA For $4.1M With Kellan Moll, Mitchell Loofburrow & Scott Morasch
1525 North 16th Avenue Pasco, Washington 99301, Usa
$4,100,000
Units
31
Asset Type
MultiFamily
Closing
Jul 11, 2023
About this deal
AI
Marcus & Millichap has announced the sale of Victory Manor, a 31-unit apartment property located at 1525 North 16th Avenue in Pasco, WA. The property was sold for a total price of $4,100,000, with a price per unit of $132,258. It is situated in the multifamily market of Pasco, WA.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 31
- Price Per Unit: $132,258
The sale of Victory Manor was facilitated by Kellan Moll, Mitchell Loofburrow, and Scott Morasch, who acted as the representatives of Marcus & Millichap. They played a crucial role in the transaction, ensuring a successful sale for the property owner. This acquisition demonstrates the continued strength of the multifamily market in Pasco, WA.
Players
Pasco 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93