Updated Oct 28, 2024
Security Properties Sells Multifamily Property In Bremerton, WA For $48.5M
1060 Insignia Loop, Bremerton, Washington 98310, United States
$48,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 23, 2022
About this deal
AI
A multifamily property located at 1060 Insignia Loop in Bremerton, Washington has been sold for $48,500,000. The property spans across 6.2 acres and was transacted on 24th August 2022. The sale was facilitated by CBRE's brokers Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto, representing the seller, Security Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $48,500,000
- Address: 1060 Insignia Loop, Bremerton, WA
- Market: Bremerton, WA
- Acres: 6.2
This transaction involved the seller, Security Properties, and their representative brokers Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto from CBRE. The sale price of $48,500,000 reflects the value of the multifamily property, which offers significant potential in the Bremerton market.
On the Map
$48,500,000
MultiFamily
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Bremerton 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93