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Pine Forest Properties Sells Juniper Ridge Multifamily Complex In Bellevue For $17.5M
SOLD
$17,500,000
+ 2
Washington
See Similar DealsMultiFamily
Sold 11/19/2025
SOLD
Pine Forest Properties Sells Juniper Ridge Multifamily Complex In Bellevue For $17.5M
12112 Southeast 31st Street
See Similar DealsMultiFamily
Sold 11/19/2025
+ 2
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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