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
- Property Type: Self Storage
- Transaction Amount: $7,100,000
- Address: 8233 South Hosmer Street, Tacoma, WA
- Square Footage: 46,265
- Price Per Square Foot: $153
- Buyer: Merit Hill Capital
- Seller: Hosmer Self Storage LLC
- Brokers: Jacob Becher, Nate Fliflet, Dana Chobor & Tom de Jong - Colliers
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
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