Glencrest Group Acquires Multifamily Property On Ross Ave For $52.3M
SOLD
$52,300,000
Washington
See Similar DealsMultiFamily
Sold 08/22/2022
SOLD
Glencrest Group Acquires Multifamily Property On Ross Ave For $52.3M
1090 Ross Avenue, DuPont, Washington 98327, United States
See Similar DealsMultiFamily
Sold 08/22/2022
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,789,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$185,810.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$247,928.68
Annual Debt Service$2,975,144.19
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