TruAmerica Multifamily Acquires Multifamily Property In Lacey, WA For $54M
6205 Pacific Avenue Southeast, Lacey, Washington 98503, United States
$54,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 8, 2022
AI
The multifamily property located at 6205 Pacific Ave SE in Lacey, WA has been sold for a total price of $54,000,000. The property consists of 156 units, resulting in a price per unit of $346,154. The transaction took place on 06/09/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,000,000
- Units: 156
- Price Per Unit: $346,154
TruAmerica Multifamily, represented by Wesley LaBar, served as the buyer in this transaction. The brokers involved in the deal were Ben Johnson, David Sorensen, George Pallis, and Kenny Dudunakis of Berkadia.
Players
Lacey 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93