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Colliers Facilitates $7.1M Sale Of Self Storage Property In Tacoma, WA

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SOLD
$7,100,000

Washington

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Self Storage46,265 SF
Sold 06/27/2023
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Property Image
SOLD

Colliers Facilitates $7.1M Sale Of Self Storage Property In Tacoma, WA

8233 South Hosmer Street Tacoma, Washington 98408, USA

See Similar Deals
Self Storage46,265 SF
Sold 06/27/2023
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Summary

WASHINGTON
Asset Type:Self Storage
Price Per Square Foot:$153
Total Square Footage:46,265 SF
Transaction Type:Sale

Colliers has successfully sold a self-storage property located at 8233 S Hosmer Street in Tacoma, WA. The property, which comprises 46,265 square feet and features 454 storage units, was acquired by Merit Hill Capital from the seller, Hosmer Self Storage LLC. The transaction was facilitated by Jacob Becher, Nate Fliflet, Dana Chobor, and Tom de Jong from Colliers.

Summary of transaction details

The successful sale of the self-storage property was made possible through Colliers' de Jong | Becher Self Storage Team, who facilitated the negotiations between the buyer and the seller.

Players

Tom de Jong
6 deals$62.7M volume
BROKER

Jacob Becher
Colliers
5 deals$39.2M volume(650) 486-2202
BROKER

Nate Fliflet
4 deals$25.8M volume(206) 715-3747
BROKER

Merit Hill Capital LP
BUYER

Details

SOLD
IMAGE: Jacob Becher, Nate Fliflet, Dana Chobor & Tom de Jong DATE: 06/27/2023 ADDRESS: 8233 South Hosmer Street MARKET: Tacoma, WA ASSET TYPE: Self Storage BUYER: Merit Hill Capital SELLER: Hosmer Self Storage LLC BROKERS: Jacob Becher, Nate Fliflet, Dana Chobor & Tom de Jong - Colliers SALE PRICE: $7,100,000 SF: 46,265 ~ PPSF: $153 NOTE: Colliers has announced the successful sale of a self-storage property located at 8233 S Hosmer in Tacoma, WA. The property, comprising 46,265 square feet and featuring 454 storage units, was sold by Hosmer Self Storage LLC to Merit Hill Capital, with negotiations facilitated by Colliers' de Jong | Becher Self Storage Team.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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