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3502 South Mason Avenue
SOLD

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

3502 South Mason Avenue

MultiFamily
clock iconSold 48 days ago
Brandon Lawler
Kenny Dudunakis
George Pallis
+ 4
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Summary

Sale
WASHINGTON
MultiFamily

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.

Players

  • All

    7

  • Agents

    6

  • Agencies

    1

Brandon Lawler's profile picture
Brandon Lawler
Berkadia-image
Vice President
$65.9M Sold
David Sorensen's profile picture
Jay Timpani's profile picture
Ben Johnson's profile picture

Details

Deal Summary
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SOLD
IMAGE: 05/07/2024 ADDRESS: 3502 South Mason Avenue MARKET: Tacoma, WA ASSET TYPE: Multifamily BROKERS: Brandon Lawler, David Sorensen, George Pallis, Jay Timpani, Kenny Dudunakis & Benjamin Johnson - Berkadia SALE PRICE: $18,500,000 UNITS: 88 ~ PPU: $210,227 NOTE: Berkadia, New York, sells the 88-unit multifamily property Bella Vista in Tacoma, Wash., for $18.5 million, closing the transaction on May 7. The sale, led by Berkadia Bellevue, reflects a per-unit price of $210,227 or $256 per square foot, with the property boasting a 97 percent occupancy rate at the time of sale.

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Address3502 South Mason Avenue

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