Updated Oct 28, 2024
Benedict Canyon Equities Acquires Spokane Multifamily For $145M
12707 East Mansfield Avenue, Spokane, Washington 99216, United States
$145,000,000
Units
559
Asset Type
MultiFamily
Closing
Aug 29, 2022
About this deal
AI
The multifamily property located at 12707 East Mansfield Ave in Spokane, WA has been sold in a closed transaction. The sale took place on August 30, 2022. The property consists of 559 units, resulting in a per-unit price of $259,392. The total sale price for the property was $145,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $145,000,000
- Units: 559
- Price Per Unit: $259,392
The buyer in this transaction was Benedict Canyon Equities. No additional information is available about the involved parties or brokers in this deal.
On the Map
$145,000,000
MultiFamily
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Players
Spokane 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93