Berkadia Sells Bella Vista Multifamily In Tacoma, WA For $18.5M

The multifamily property Bella Vista, located at 3502 South Mason Avenue in Tacoma, WA, was sold for $18.5 million on May 7, 2024. The property consists of 88 units, resulting in a per-unit price of $210,227. The sale was facilitated by Berkadia, with brokers Brandon Lawler, David Sorensen, George Pallis, Jay Timpani, Kenny Dudunakis, and Benjamin Johnson representing the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Units: 88
• Price Per Unit: $210,227
• Market: Tacoma, WA
• Brokers: Brandon Lawler, David Sorensen, George Pallis, Jay Timpani, Kenny Dudunakis & Benjamin Johnson - Berkadia

Berkadia, a real estate company based in New York, successfully closed the sale of Bella Vista in Tacoma, where the property boasted an impressive 97 percent occupancy rate at the time of the transaction. The per-unit price was $210,227, and the property spans approximately $256 per square foot, showcasing a lucrative investment opportunity in the thriving multifamily market of Tacoma, WA.