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Cushman & Wakefield Sells Vintage Mixed-Use Property In Seattle For $4.5M
SOLD
$4,500,000
+ 1
Washington
See Similar DealsMixed-use
Sold
SOLD
Cushman & Wakefield Sells Vintage Mixed-Use Property In Seattle For $4.5M
1505 Northwest 60th Street & 1511 Northwest 60th Street
See Similar DealsMixed-use
Sold
+ 1
Summary
WASHINGTON
Asset Type:Mixed-use
Transaction Type:Sale
The $4.5 million sale of Villa Luisa, a vintage mixed-use property in Seattle's Ballard neighborhood, was arranged by Cushman & Wakefield. The 1927-built asset comprises 16 apartments, four retail spaces, and on-site parking. The seller and buyer identities remain undisclosed.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Address: 1505 Northwest 60th Street & 1511 Northwest 60th Street
- Market: Seattle, WA
- Brokers: Dan Chhan, Jacob Odegard, Matt Kemper & Tim McKay - Cushman & Wakefield
Cushman & Wakefield played a pivotal role in the sale of Villa Luisa, with brokers Dan Chhan, Jacob Odegard, Matt Kemper, and Tim McKay facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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