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Next Wave Investors Acquires Multifamily Property In Tacoma, WA For $21.15M

Property Image
SOLD
$21,150,000
Dylan Simon
Brandon Lawler
+ 1

Washington

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MultiFamily
Sold 06/28/2022
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Property Image
SOLD

Next Wave Investors Acquires Multifamily Property In Tacoma, WA For $21.15M

908 76th Street Court East, Tacoma, Washington 98404, United States

See Similar Deals
MultiFamily
Sold 06/28/2022
Dylan Simon
Brandon Lawler
+ 1
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 908 76th St Ct E in Tacoma, WA has been sold for a total price of $21,150,000. It consists of 100 units, resulting in a per unit price of $211,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $21,150,000
  • Address: 908 76th St Ct E, Tacoma, WA
  • Market: Tacoma, WA

The buyer in this transaction is Next Wave Investors, represented by Jordan Fisher. The seller is Goodman Real Estate. The brokers involved in the deal are Brandon Lawler, Dylan Simon, and Jerrid Anderson from Kidder Mathews.

Players

Dylan Simon
15 deals$365.8M volume
BROKER

Jerrid Anderson
Kidder Mathews
14 deals$350.8M volume
BROKER

Brandon Lawler
Berkadia
4 deals$65.9M volume
BROKER

Goodman Real Estate
BROKERAGE

Jordan Fisher
4 deals$152.2M volume
BUYER

Details

SOLD
IMAGE: Brandon Lawler, Dylan Simon, and Jerrid Anderson DATE: 06/28/2022 ADDRESS: 908 76th St Ct E MARKET: Tacoma, WA ASSET TYPE: Multifamily BUYER: Next Wave Investors - Jordan Fisher SELLER: Goodman Real Estate BROKERS: Brandon Lawler, Dylan Simon & Jerrid Anderson - Kidder Mathews SALE PRICE: $21,150,000 UNITS: 100 ~ PPU: $211,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,128,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$75,141.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,261.79
Annual Debt Service$1,203,141.48