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2700 1st Avenue, Seattle, W...

Churchome Sells Mixed-use Property In Seattle For $17.5M With CBRE Brokers Eli Hanacek, Jon Hallgrimson, Frank Bosl & Kyle Yamamoto
SOLDMixed-use

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

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker

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