Pacific Walk Townhomes in Lakewood Trade for $22M
Pacific Walk Townhomes, a 142-unit property located at 8333 32nd Avenue S. in Lakewood, Washington has sold for $21.5 million.
Dylan Simon, Jerrid Anderson, Elijah Piper, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews served as the exclusive brokers representing the seller and sourcing the buyer.
Built in 1946, Pacific Walk is situated on over 10 acres of grounds. The community comprises 37 buildings featuring units that average 838 square feet. The unit mix is primarily composed of two-bedroom townhomes, which account for 138 of the 142 total units.
The property is strategically located just a quarter mile from I-5 and five minutes from the Lakewood Sounder Station. It is also positioned near major regional employers, located under 10 minutes from Joint Base Lewis-McChord. “Pacific Walk’s large townhome units and attractive assumable financing created a unique opportunity for the buyer to acquire a stabilized asset in a supply-constrained market,” said Simon.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout