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
Dupont 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93