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6205 Pacific Avenue Southea...

TruAmerica Multifamily Acquires Multifamily Property In Lacey, WA For $54M
SOLDMultiFamily

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

Kenny Dudunakis

Berkadia

Broker

$275.5M

vol

5 deals

Broker
TruAmerica Multifamily
TruAmerica MultifamilyBuyer

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