Updated Oct 13, 2026
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
About this deal
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.
On the Map
$73,000,000
MultiFamily
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Players
Des Moines 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93