Ben Johnson Of Berkadia Sells Tacoma Multifamily Property For $54M
SOLD
$54,000,000
Washington
See Similar DealsMultiFamily
Sold 06/22/2022
SOLD
Ben Johnson Of Berkadia Sells Tacoma Multifamily Property For $54M
2325 96th Street South, Tacoma, Washington 98444, United States
See Similar DealsMultiFamily
Sold 06/22/2022
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,880,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$191,850.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,987.55
Annual Debt Service$3,071,850.59
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