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908 76th Street Court East,...

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

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

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

$21,150,000

Building Size

Asset Type

MultiFamily

Closing

Jun 27, 2022

AI

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

Kidder Mathews

Broker

$365.8M

vol

15 deals

Broker
Goodman Real Estate
Goodman Real EstateBrokerage
Jordan Fisher

Jordan Fisher

Next Wave Investors

Buyer

$152.2M

vol

4 deals

Buyer
Goodman Real Estate
Goodman Real EstateSeller

Tacoma 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

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93