facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Washington

/

Multifamily

/

Sale

/

2100 South 260th Street, De...

RISE Properties Trust And Tokyu Land US Corporation Acquire Des Moines Multifamily For $73M
SOLDMultiFamily

RISE Properties Trust And Tokyu Land US Corporation Acquire Des Moines Multifamily For $73M

2100 South 260th Street, Des Moines, Washington 98198, United States

$73,000,000

Units

223

Asset Type

MultiFamily

Closing

Aug 21, 2022

AI

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

RT
RISE Properties TrustBuyer

Des Moines MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93