CBRE Arranges $196.2M Construction Financing For Mixed-Use Property On 12th Ave NE In Seattle
4530 12th Avenue Northeast, Seattle, Washington 98155, United States
$196,200,000
$490/SF
Building Size
400,000 SF
Asset Type
Mixed-use
Closing
Jul 25, 2022
AI
The property involved in this closed loan transaction is a mixed-use asset located at 4530 12th Ave NE in Seattle, WA. The property spans approximately 400,000 square feet.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $196,200,000
- Address: 4530 12th Ave NE, Seattle, WA
- Market: Seattle, WA
- Brokers: Tom Pehl, Charles Safley, Todd Tydlaska, James Scott, Brian Myers, Brad Zampa, Mike Walker, Megan Woodring, Greg Inglin, David Abbott, Laura Ford - CBRE
- Loan Type: Construction financing
Tom Pehl, Charles Safley, Todd Tydlaska, James Scott, Brian Myers, Brad Zampa, Mike Walker, Megan Woodring, Greg Inglin, David Abbott, Laura Ford represented CBRE in this transaction.
Players
Seattle Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93