Updated Oct 28, 2024
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
About this deal
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.
On the Map
$242,000,000
MultiFamily
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Players
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