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11723 Northeast 117th Stree...

CBRE Brokers Sell Kirkland Multifamily Property For $242M
SOLDMultiFamily

CBRE Brokers Sell Kirkland Multifamily Property For $242M

11723 Northeast 117th Street, Kirkland, Washington 98034, United States

$242,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 10, 2022

AI

The multifamily property located at 11723 NE 117th Ct in Kirkland, WA has been sold in a closed transaction. The property spans across approximately 7.4 acres.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $242,000,000
  • Market: Kirkland, WA

The property was sold by American Capital Group and Artemis Real Estate Partners. The sales transaction was facilitated by CBRE, with Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto of CBRE acting as the brokers involved in the deal.

Players

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker
AG
American Capital GroupSeller

Kirkland 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93