Arrowhead Park, a 42-unit multifamily community located at 10724 109th St. SW in Lakewood, has been sold for $7.27 million, or roughly $173,000 per unit. Berkadia Seattle brokered the transaction, which closed with a Fox Island-based entity as buyer, according to Pierce County public records. The previous owner was a Seattle-based entity tied to investor Yuan Zhang. The broker highlights that the 3.02-acre property represents a notable value-add opportunity in one of Tacoma’s fastest-growing submarkets.

The asset comprises 39,340 square feet spread across four residential buildings and was built in 1968. The average unit size is 937 square feet. Last year, the same property was offered with a cap rate of 7.5 percent, signaling notable upside through renovations and operational efficiencie

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