Updated Nov 20, 2025
Pine Forest Properties Sells Juniper Ridge Multifamily Complex In Bellevue For $17.5M
12112 Southeast 31st Street
$17,500,000
Units
44
Asset Type
MultiFamily
Closing
Nov 19, 2025
About this deal
AI
The property involved in this transaction is the 44-unit Juniper Ridge complex located at 12112 Southeast 31st Street, Bellevue, WA. The sale was completed on November 19, 2025, for a total of $17.5 million, translating to approximately $397,727 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,500,000
- Units: 44
- Price Per Unit: $397,727
Pine Forest Properties successfully sold the Juniper Ridge complex to a private investor, facilitated by Institutional Property Advisors. The deal was represented by brokers Philip Assouad, Giovanni Napoli, Ryan Harmon, Nicholas (Nick) Ruggiero, and Anthony Palladino.
On the Map
$17,500,000
MultiFamily
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Players
Bellevue 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93