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Marcus & Millichap Brokers $2.55M Sale Of Spokane Multifamily Property

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SOLD
$2,555,000

Massachusetts

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MultiFamily17 SF
Sold 04/25/2023
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Property Image
SOLD

Marcus & Millichap Brokers $2.55M Sale Of Spokane Multifamily Property

212 218 W 7th Avenue &Amp; 45 E 8th Avenue

See Similar Deals
MultiFamily17 SF
Sold 04/25/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$150,294
Total Square Footage:17 SF
Transaction Type:Sale

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

Georgie Christensen-Riley
2 deals$18.4M volume(503) 200-2058
BROKER

Joshua C. Reynolds
Marcus & Millichap
1 deal$2.6M volume(503) 200-2072
BROKER

Details

SOLD
IMAGE: Georgie Christensen-Riley & Joshua C. Reynolds DATE: 04/25/2023 ADDRESS: 212-218 W 7th Avenue & 45 E 8th Avenue MARKET: Spokane, WA ASSET TYPE: Multifamily BROKERS: Georgie Christensen-Riley & Joshua C. Reynolds - Marcus & Millichap SALE PRICE: $2,555,000 SF: 17 ~ PPSF: $150,294

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,077.37
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