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.
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