Next Wave Investors Acquires Multifamily Property In Tacoma, WA For $21.15M
SOLD
Washington
See Similar DealsMultiFamily
Sold 06/28/2022
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 DealsMultiFamily
Sold 06/28/2022
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
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
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