Ben Johnson Of Berkadia Sells Tacoma Multifamily Property For $54M
2325 96th Street South, Tacoma, Washington 98444, United States
$54,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 21, 2022
AI
The multifamily property located at 2325 96th St S in Tacoma, WA has been sold in a recent transaction. The property consists of 252 units and was sold for a total price of $54,000,000. This equates to an average price per unit of $214,286.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $54,000,000
- Units: 252
- Price per Unit: $214,286
The sale was facilitated by broker Ben Johnson from Berkadia. He represented the parties involved in the transaction and played a key role in successfully closing the deal.
Players
Tacoma 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93