TruAmerica Multifamily Acquires Multifamily Property In Lacey, WA For $54M
SOLD
$54,000,000
+ 1
Washington
See Similar DealsMultiFamily
Sold 06/09/2022
SOLD
TruAmerica Multifamily Acquires Multifamily Property In Lacey, WA For $54M
6205 Pacific Avenue Southeast, Lacey, Washington 98503, United States
See Similar DealsMultiFamily
Sold 06/09/2022
+ 1
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,880,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$191,850.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,987.55
Annual Debt Service$3,071,850.59
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