An area real-estate firm that’s logged several recent apartment sales in Pierce County has announced its latest transaction.
Berkadia Seattle Investment Sales in late December closed on the sale of Sunrise Ridge Apartments, 3852 S. 29th St. in South Tacoma.
The 36-unit site sold for more than $7.22 million. The property last sold in May 2011 for $2.46 million.
Pierce County recorded the recent sale Dec. 26, according to documents online. The new owner is an LLC affiliated with Legacy Group Capital of Bellevue and Maven Properties NW of Seattle. The seller was an LLC affiliated with Seattle-based Goodman Real Estate, most recently known for developing Gage on Sixth at the former Tacoma Kmart site.
The transaction was put together by Berkadia managing director Steven Chattin and senior director Brandon Lawler.
The site, which dates back to the mid-1990s, offers garden-style two-bedroom units. According to Berkadia, marketing of the site going back to late August generated 15 tours and six offers.
Berkadia also facilitated the sale of Westview Terrace apartments, 2205 S. 74th St. in early December, and Olympic Sunset Apartments, 6634 Tacoma Mall Blvd. in October; both also in South Tacoma.
Also this month, Berkadia announced the completion of a selloff spread over two years of nearly 30 parcels near Lakewood Station to accommodate future transit-oriented development.