Terrene Homes Sells Alder Walk Multifamily Community In Puyallup For $21.25M

Alder Walk, located at 7722 176th Street East in Puyallup, Washington, is a multifamily asset comprising 78 units. Recently sold for $21.25 million, the property has a price per unit of $272,436. It is notable that the community was newly constructed and completed in 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,250,000
• Units: 78
• Price Per Unit: $272,436
• Seller: Terrene Homes
• Brokers: Dylan Simon, JD Fuller & Jerrid Anderson - Kidder Mathews

The Simon Anderson Team at Kidder Mathews represented the seller, Terrene Homes, in this transaction and also sourced the buyer for the property.