Updated Oct 29, 2024
GSC Investments Acquires Three Manufactured Home Communities In Seattle For $42.5M
4111 164th Street Southwest Lynnwood, Washington 98087, USA, 18501 52nd Ave. W & 3333 228th Ave SE
$42,500,000
Building Size
—
Asset Type
Manufactured Home
Closing
Aug 4, 2023
About this deal
AI
GSC Investments has acquired three manufactured home communities in the Seattle area. The properties are located at 4111 164th Street Southwest, 18501 52nd Ave. W, and 3333 228th Ave SE. These communities collectively have a total of 303 homesites. The transaction price for these properties is $42,500,000, according to public records.
Summary of transaction details
- Property Type: Manufactured Home
- Transaction Amount: $42,500,000
- Buyer: GSC Investments
- Market: Lynnwood & Bothell, WA
GSC Investments, a prominent player in the real estate market, made this significant acquisition of three manufactured home communities. This strategic move allows GSC Investments to expand its portfolio in the Seattle area and capitalize on the growing demand for manufactured homes. The purchase price of $42,500,000 reflects the value of the properties and the potential for future returns on investment.
On the Map
$42,500,000
Manufactured Home
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Players
Lynnwood Manufactured Home Market Snapshot
Boundary boundary · Manufactured Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93