Oro Capital Advisors LLC Acquires 230-Unit Multifamily Asset In Tacoma For $40,750,000
2201 104th St. South
$40,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 25, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 2201 104th St. South in Tacoma, WA. The property comprises 230 units and was sold for $40,750,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $40,750,000.00
- Address: 2201 104th St. South
- Market: Tacoma, WA
- Units: 230
- Buyer: Oro Capital Advisors LLC
- Seller: Goodman Real Estate
Oro Capital Advisors LLC acted as the buyer in this transaction, while Goodman Real Estate served as the seller. The deal marks a significant movement in the MultiFamily market within the Tacoma region.
Players
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93