KKR & Co. Inc Acquires Office Building In Bellevue For $402M
SOLD
$402,000,000
New York
See Similar DealsOffice435,000 SF
Sold 03/18/2020
SOLD
KKR & Co. Inc Acquires Office Building In Bellevue For $402M
Expedia Building, 333 108th Ave Ne, Bellevue, Wa 98004, Usa
See Similar DealsOffice435,000 SF
Sold 03/18/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$924
Total Square Footage:435,000 SF
Transaction Type:Sale
The office building located at 333 108th Ave. NE in Bellevue has been sold for $402,000,000. The property spans 435,000 square feet, resulting in a price per square foot of $924. The transaction took place on March 18, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $402,000,000
- Address: 333 108th Ave. NE
- Market: Bellevue
- Square Footage: 435,000
- Price per Square Foot: $924
The buyer of the building is KKR & Co. Inc, while the seller is Equity Commonwealth. It is important to note that the property is fully leased to Amazon.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$21,439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,428,221.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,905,685.09
Annual Debt Service$22,868,221.09
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