Marcus & Millichap Brokers $2.55M Sale Of Spokane Multifamily Property
212 218 W 7th Avenue &Amp; 45 E 8th Avenue
$2,555,000
$150,294/SF
Building Size
17 SF
Asset Type
MultiFamily
Closing
Apr 25, 2023
AI
A multifamily property located at 212-218 W 7th Avenue and 45 E 8th Avenue in Spokane, WA has been sold for $2,555,000. The property spans across 17,000 square feet and was sold at a price per square foot of $150,294.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,555,000
- Address: 212-218 W 7th Avenue & 45 E 8th Avenue, Spokane, WA
- Market: Spokane, WA
- Brokers: Georgie Christensen-Riley & Joshua C. Reynolds - Marcus & Millichap
- Square Footage: 17,000 SF
- Price per Square Foot: $150,294
The deal was facilitated by brokers Georgie Christensen-Riley and Joshua C. Reynolds from Marcus & Millichap. They represented the parties involved in the transaction, ensuring a successful sale of the multifamily property.
Players
Vancouver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.21%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93