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Listings/Coventry Court IV & Annex

Coventry Court IV & Annex

Sale Price: $24,600,000

For more information about this property, please contact the listing broker.

Please view the Case study for this property by clicking the link below. 

Sale Summary

Goodman Real Estate faced the challenge of selling two properties in a less desirable area of the Tacoma market amidst shifting financial conditions. One of the properties also required a loan assumption. Despite these obstacles, our comprehensive marketing process targeted the West Coast investment community, emphasizing attractive pricing metrics and the opportunity to scale in the Puget Sound region at below replacement costs. The strategy proved successful, generating ten offers, one of which came from a known investor in our network. The transaction closed smoothly within a 60-day period, providing the buyer with an opportunity to establish a presence in the market.

Case Study

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Press

Testimonial

“Working with the Simon | Anderson Team is always a pleasure. Having worked with them on many successful closings over the years, both on the buy and sell side, they are always professional, responsive and very well connected. I can’t recommend working with them enough.”

Eric R.

 

Portfolio Details

Address
908 76th St Ct E & 7412 Golden Given Rd E
City, State
Tacoma, WA
Units
100 / 20

Sale Details

Sale Date
June 24, 2022
Sale Prices
$21,150,000 / $3,450,000
Price per Unit
$211,500 / $172,500
Price per SF
$218 / $236
Cap Rates
3.5% / 3.8%

Location

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Coventry Court IV & Annex

908 76th St Ct E & 7412 Golden Given Rd E
Tacoma, WA 98404
Units: 120
Price: $24,600,000

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Call/Text: 206.414.8575