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8233 South Hosmer Street Ta...

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

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

8233 South Hosmer Street Tacoma, Washington 98408, USA

$7,100,000

$153/SF

Building Size

46,265 SF

Asset Type

Self Storage

Closing

Jun 27, 2023

AI

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

Colliers

Broker

$62.7M

vol

6 deals

Broker
Merit Hill Capital LP
Merit Hill Capital LPBuyer

Tacoma Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93