SEATTLE — March 6, 2019 — Berkadia today announced the $71.5 million sale of The MIRO at Dash Point Apartments, a 386-unit multifamily garden-style property in Federal Way, Washington. Senior Managing Director Kenny Dudunakis and Senior Directors David Sorensen and Ben Johnson, all of Berkadia’s Seattle office completed the sale on behalf of the seller, San Francisco-based FPA MultiFamily and the buyer, San Diego-based RedHill Realty Investors. The deal closed on February 12.
Located at 31004 19th Place SW, the property features one-, two- and three-bedroom floorplans with hardwood floors, dishwashers, carports, personal balconies or patios and in-unit washers and dryers. Community amenities include a fitness center, a basketball court, a dog park, a playground and a pool with a lounge. Residents are located just minutes from downtown Tacoma and the Puget Sound, and the property affords convenient access to Dash Point State Park and Interstate Route 5.