Updated Dec 19, 2023
Berkadia Brokers $12M Sale Of 84-Unit Multifamily Property In Tacoma, WA
518 South 7th Street, Tacoma, Washington 98402, United States
$12,000,000
Units
84
Asset Type
MultiFamily
Closing
Jun 21, 2022
About this deal
AI
The multifamily property located at 518 S 7th St in Tacoma, WA was recently sold in a closed transaction. The sale took place on 06/22/2022 and was facilitated by Berkadia, a prominent brokerage firm.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $12,000,000
- Units: 84
- Price Per Unit: $142,857
This transaction involved a multifamily property comprising 84 units. The property's sale price was disclosed as $12,000,000, resulting in a price per unit of $142,857.
Berkadia, a reputable brokerage agency, represented the parties involved in this deal, showcasing their expertise in the real estate market.
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93