Pacific Walk Townhomes, a 142-unit property located at 8333 32nd Avenue S. in Lakewood, Washington has sold for $21,500,000. 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 landscaped grounds, offering a low-density, park-like setting. The community comprises 37 buildings featuring spacious 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, providing excellent regional connectivity. It is also positioned near major regional employers, located under 10 minutes from Joint Base Lewis-McChord (JBLM) and five minutes from St. Clare Hospital.
“This transaction highlights the resilience of the South Puget Sound market and the continued demand for well-located workforce housing,” said Dylan Simon. “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.”
The post Pacific Walk Townhomes in Lakewood Trade for $22M appeared first on Connect CRE.
