Berkadia Brokers Facilitate $49M Multifamily Sale In Richland, WA
SOLD
$49,000,000
+ 1
Washington
See Similar DealsMultiFamily
Sold 08/26/2022
SOLD
Berkadia Brokers Facilitate $49M Multifamily Sale In Richland, WA
2555 Duportail Street, Richland, Washington 99352, United States
See Similar DealsMultiFamily
Sold 08/26/2022
+ 1
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$174,086.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$232,285.00
Annual Debt Service$2,787,419.98
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