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2555 Duportail Street, Rich...

Berkadia Brokers Facilitate $49M Multifamily Sale In Richland, WA
SOLDMultiFamily

Berkadia Brokers Facilitate $49M Multifamily Sale In Richland, WA

2555 Duportail Street, Richland, Washington 99352, United States

$49,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 25, 2022

AI

The multifamily property located at 2555 Duportail St in Richland, WA has been sold in a closed transaction. The property features a total of 216 units and was sold for a price of $49,000,000, resulting in a per unit price of $227,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $49,000,000
  • Units: 216
  • Price Per Unit (PPU): $227,000
  • Market: Richland, WA

The sale of this multifamily property was facilitated by Kenny Dudunakis, David Sorensen, Ben Johnson, and George Pallis from Berkadia.

Players

Kenny Dudunakis

Berkadia

Broker

$275.5M

vol

5 deals

Broker

Richland 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93