CBRE arranged the $56.45 million sale of Alderra Apartment Homes, a 200-unit garden-style multifamily community in Puyallup.

CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented the seller, Auctus Capital Partners. Located at 13507 99th Avenue E in Puyallup, Alderra Apartment Homes was built in 2003 with one- and two-bedroom floorplans as well as townhomes. Amenities include a clubhouse, fitness center, pool, year-round spa and playground.

“Its proximity to major aerospace, manufacturing, logistics and military employers, combined with the area’s strong demand fundamentals, makes it an ideal investment for those seeking both stability and growth potential,” said Hanacek.

Alderra Apartment Homes is a five-minute drive from the recently renovated South Hill Mall, and a 12-minute drive from Costco, Walmart and Winco. Its close proximity to major highways makes it easy to access job centers in Tacoma, Pierce County and Joint Base Lewis McChord.

Photo credit: Mark Griffith