Updated Oct 29, 2024
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
Olympia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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