Updated Oct 28, 2024
6th & Alder Partners LLC Sells Multifamily Property In Tacoma, WA For $46.2M With Brokers Austin Kelley & Ben Norbe - Kidder Mathews
3118 6th Avenue, Tacoma, Washington 98405, United States
$46,200,000
$614/SF
Building Size
75,240 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
AI
The multifamily property located at 3118 6th Ave in Tacoma, WA has been sold for a total price of $46,200,000. The property consists of 111 units, resulting in a per unit price of $416,216. The total square footage of the property is 75,240, with a price per square foot of $614.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $46,200,000
- Units: 111
- Price Per Unit: $416,216
- Square Footage: 75,240
- Price Per Square Foot: $614
The sale of this property was facilitated by Austin Kelley and Ben Norbe of Kidder Mathews on behalf of the seller, 6th & Alder Partners LLC.
Players
Tacoma 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93