RISE Properties Trust And Tokyu Land US Corporation Acquire Des Moines Multifamily For $73M
SOLD
$73,000,000
Washington
See Similar DealsMultiFamily
Sold 08/22/2022
SOLD
RISE Properties Trust And Tokyu Land US Corporation Acquire Des Moines Multifamily For $73M
2100 South 260th Street, Des Moines, Washington 98198, United States
See Similar DealsMultiFamily
Sold 08/22/2022
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2100 S 260th St in Des Moines, WA has been sold for a total of $73,000,000. The property consists of 223 units, resulting in a price per unit of $327,354. This transaction was completed by RISE Properties Trust, represented by Beau Madsen, and Tokyu Land US Corporation.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Units: 223
- Price Per Unit: $327,354
Beau Madsen from RISE Properties Trust and Tokyu Land US Corporation were the key individuals and companies involved in this transaction. They successfully facilitated the sale of this multifamily property in Des Moines, WA.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,057.24
Annual Debt Service$4,152,686.91
Is there something missing? Send suggestions