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Security Properties Acquires Multifamily Property In Lacey, WA For $124M

Property Image
SOLD
$124,000,000

Washington

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MultiFamily
the dealdetailscomps
Property Image
SOLD

Security Properties Acquires Multifamily Property In Lacey, WA For $124M

6979 Birdseye Avenue Northeast, Lacey, Washington 98516, United States

See Similar Deals
MultiFamily
the dealdetailscomps

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 6979 Birdseye Ave NE in Lacey, WA has been sold. The property consists of 393 units and was sold for a total price of $124,000,000. This translates to an average price per unit of $315,522. The transaction took place on November 30, 2022. The buyer of the property was Security Properties, while the seller was Brogan Cos.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $124,000,000
  • Address: 6979 Birdseye Ave NE, Lacey, WA
  • Units: 393
  • Price Per Unit: $315,522
  • Buyer: Security Properties
  • Seller: Brogan Cos
  • Date: November 30, 2022

The transaction was facilitated by Security Properties' representative from their agency.

Players

Security Properties
Security Properties
BUYER

Details

SOLD
IMAGE: 11/30/2022 ADDRESS: 6979 Birdseye Ave NE MARKET: Lacey, WA ASSET TYPE: Multifamily BUYER: Security Properties SELLER: Brogan Cos SALE PRICE: $124,000,000 UNITS: 393 ~ PPU: $315,522

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Debt Service Coverage Ratio (DSCR)

0.94x

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