Churchome Sells Mixed-use Property In Seattle For $17.5M With CBRE Brokers Eli Hanacek, Jon Hallgrimson, Frank Bosl & Kyle Yamamoto
2700 1st Avenue, Seattle, Washington 98121, United States
$17,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 24, 2022
AI
The mixed-use property located at 2700 1st Avenue in Seattle, WA has been sold for a total price of $17,500,000. The property spans across 27,000 square feet, resulting in a price per square foot of $648.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $17,500,000
- Address: 2700 1st Avenue, Seattle, WA
- Market: Seattle, WA
- Seller: Churchome
CBRE brokers Eli Hanacek, Jon Hallgrimson, Frank Bosl, and Kyle Yamamoto represented Churchome in this sale transaction.
Players
Seattle Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93