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1090 Ross Avenue, DuPont, W...

Glencrest Group Acquires Multifamily Property On Ross Ave For $52.3M
SOLDMultiFamily

Glencrest Group Acquires Multifamily Property On Ross Ave For $52.3M

1090 Ross Avenue, DuPont, Washington 98327, United States

$52,300,000

Building Size

Asset Type

MultiFamily

Closing

Aug 21, 2022

AI

The multifamily property located at 1090 Ross Ave in DuPont, WA has been sold for a transaction amount of $52,300,000. The property spans over 6 acres and was acquired by Glencrest Group from the seller, Shidler Group represented by Jay Shidler.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $52,300,000
  • Address: 1090 Ross Ave, DuPont, WA
  • Market: DuPont, WA
  • Seller: Shidler Group - Jay Shidler
  • Buyer: Glencrest Group
  • Acres: 6

This significant transaction brought together the buyer, Glencrest Group, and the seller, Shidler Group, with Jay Shidler as the representative for the seller. The sale of this multifamily property marks an important milestone in the real estate market in DuPont, WA.

Players

GG
Glencrest GroupBuyer

Jay Shidler

Shidler Group

Seller

$313.6M

vol

3 deals

Seller

Dupont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93