CBRE Brokers Sell Multifamily Property In Kent, WA For $52M From Seller The Jacobson Company
10925 Southeast 259th Street, Kent, Washington 98030, United States
$52,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 14, 2022
AI
The multifamily property located at 10925 SE 259th St in Kent, WA has been sold for a total price of $52,000,000. The property consists of 177 units, with a per unit price of $293,785.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Number of Units: 177
- Price Per Unit: $293,785
- Address: 10925 SE 259th St
- Market: Kent, WA
The seller of the property is The Jacobson Company, represented by Larry Jacobson. The sale was facilitated by CBRE, with brokers Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto.
Players
Kent 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93