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1000 Fern Street Southwest ...

Updated Oct 29, 2024

Timberlane Partners Acquires Seattle Multifamily For $37M
SOLDMultiFamily

Timberlane Partners Acquires Seattle Multifamily For $37M

1000 Fern Street Southwest Olympia, Washington 98502, USA

$37,000,000

Units

143

Asset Type

MultiFamily

Closing

Jun 1, 2023

About this deal

AI

The multifamily property located at 1000 Fern Street Southwest in Seattle, WA has been sold for a total price of $37,000,000. The property consists of 143 units, with a per unit price of $258,741.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $37,000,000
  • Units: 143
  • Price Per Unit: $258,741

The buyer in this transaction is Timberlane Partners, while the seller is Commercial Property Services Inc. The deal was facilitated by Jordan Louie from JLL.

The multifamily sale at 1000 Fern Street Southwest Olympia, Washington 98502, USA in Olympia, Washington sold for $37M in 2023. Reported inventory is 143 units across 143 units. Jordan Louie, JLL appear on the sale alongside JLL. This page is the Olympia, Washington file for the 1000 Fern Street Southwest Olympia, Washington 98502, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Olympia sit in the Market section below. Filter that Olympia multifamily set by closing date to see what else sold near 1000 Fern Street Southwest Olympia, Washington 98502, USA around 2023. Published consideration for 1000 Fern Street Southwest Olympia, Washington 98502, USA is $37M, dated 2023. Cite this Timberlane Partners Acquires Seattle Multifamily For $37M sale when underwriting similar multifamily product around Olympia, Washington.

Players

Jordan Louie

CBRE

Broker

$314.5M

vol

6 deals

Broker
TP
Timberlane PartnersBuyer

Olympia MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $258.7K per unit across 143 units on a published $37M (2023).

Visit Jordan Louie to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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