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Kidder Mathews, Colliers International Sell Multifamily Asset In Issaquah, WA For $103.75M

Property Image
SOLD
$103,750,000
Jerrid Anderson
Dylan Simon
+ 1

Washington

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MultiFamily
Sold 07/12/2022
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Property Image
SOLD

Kidder Mathews, Colliers International Sell Multifamily Asset In Issaquah, WA For $103.75M

1150 10th Avenue Northeast, Issaquah, Washington 98029, United States

See Similar Deals
MultiFamily
Sold 07/12/2022
Jerrid Anderson
Dylan Simon
+ 1
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 1150 10th Ave NE in Issaquah, WA has been sold for a total price of $103,750,000. The property spans 135 square feet, resulting in a price per square foot of $768,519.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $103,750,000
  • Address: 1150 10th Ave NE, Issaquah, WA
  • Market: Issaquah, WA

The sale of this property was facilitated by brokers Dylan Simon, Matt Laird, and Jerrid Anderson from Kidder Mathews and Dave Schumacher from Colliers International. Their expertise and negotiation skills played a crucial role in the transaction.

Players

Dylan Simon
15 deals$365.8M volume
BROKER

Matt Laird
Kidder Mathews
7 deals$229.5M volume
BROKER

Jerrid Anderson
Kidder Mathews
14 deals$350.8M volume
BROKER

Dave Schumacher
Colliers
1 deal$103.8M volume
BROKER

Details

SOLD
IMAGE: Matt Laird, Dylan Simon & Jerrid Anderson DATE: 07/12/2022 ADDRESS: 1150 10th Ave NE MARKET: Issaquah, WA ASSET TYPE: Multifamily BROKERS: Dylan Simon, Matt Laird & Jerrid Anderson - Kidder Mathews Kidder & Dave Schumacher - Colliers International SALE PRICE: $103,750,000 SF: 135 ~ PPSF: $768,519

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,533,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$368,601.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$491,827.93
Annual Debt Service$5,901,935.17