725 Broadway LLC
Fund: Fund 1, iCap Pacific Northwest Opportunity & Income Fund LLC
Location: 725 Broadway, Tacoma, WA 98402
Description: The acquisition, development, and construction of a 209 unit mixed use apartment building located in downtown Tacoma, WA. The property is located near shopping, entertainment, and transportation. The units will be a combination of 1 and 2 bedrooms ranging from 500 -1000 SF.
Investment Date: 7/1/2014
Estimated Exit: 4/30/2019
Investment Amount to Date: $206,789.44
Q1 2019 Progress Update: The property is under contract, the buyer is currently in the feasibility period and we are scheduled to close on 4/30/2019.