Tacoma · Commercial sale

North40 Sound View Development Fund buys 8524 19th St W in University Place for $7.25 million

An apartment complex at 8524 19th St W, University Place sold for $7,250,000 on August 24, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 31, 2026

Sold August 24, 2026 · Pierce County, Washington

Aerial view of 8524 19th St W, University Place with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: Pierce County Assessor. The photo can predate the sale.

Sale price: $7,250,000
Sold: August 24, 2026
Property type: Apartment complex
Building area: 21,366 sq ft
Price per sq ft: $339
Year built: 2022

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgAugust 24, 2026

Seller's estimated net sheet

8524 19th St W, University Place

Sale price	$7,250,000
Title and settlement
Owner's title insurance policy	$15,100
Escrow fee	$700
Transfer taxes and recording
State real estate excise tax (graduated)	$186,575
Local real estate excise tax (0.50%)	$36,250
REET technology fee	$5
Prorations
Property tax proration (seller owes)	$9,832.19
Other costs
Wire / courier / payoff processing	$60
Total deductions	$248,522.19
Estimated net to seller	$7,001,477.81

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NetSheet.orgAugust 24, 2026

Buyer's estimated net sheet

8524 19th St W, University Place

Purchase price (cash)	$7,250,000
Title and settlement
Escrow fee	$700
Transfer taxes and recording
Deed recording fee	$304.50
Credits
Property tax credit from seller	$9,832.19
Closing costs and prepaids	$1,004.50
Estimated cash to close	$7,241,172.31

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
REET technology fee: $5 per affidavit (confidence medium)
Annual property tax estimated at 0.90% of price ($65,250).
Title and settlement fees are typical estimates, not quotes.

Selling in University Place?

The apartment complex at 8524 19th St W in University Place sold for $7,250,000, 85% above its $3,924,000 market value on record. The Pierce County Assessor-Treasurer's sales records list the sale date as August 24, 2026.

The record lists Narrows Townhomes LLC as the seller and North40 Sound View Development Fund LLC as the buyer.

Assessor's records show 21,366 square feet of building area, a build year of 2022 and a 0.57-acre lot. At that size, the price works out to $339 per square foot.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Pierce County?

By our estimate, the seller's two largest charges, not counting prorations, were $186,575 for the state real estate excise tax (graduated) and $36,250 for the local real estate excise tax (0.50%). Who pays what follows Pierce County custom.

How much did the seller net?

By our estimate, the seller netted about $7,001,478. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $7,241,172 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

8524 19th St W, University Place, WA.

Source: Pierce County Assessor-Treasurer, sales data downloads, document 4699710. Property details: Pierce County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.