Sage Homes Northwest Acquires Multifamily Portfolio In Lakewood, WA For $20.4M
12802 Lincoln Avenue Southwest, Lakewood, Washington 98499, United States
$20,400,000
Building Size
—
Asset Type
MultiFamily
Closing
May 1, 2023
AI
Sage Homes Northwest has acquired a multifamily property located at 12802-12878 Lincoln Ave. SW; 9120 Lawndale Ave., 9104 Newgrove Ave. SW & 9119 Kenwood Ave. SW; & 12805-12809 47th Ave. SW, in Lakewood, WA. The transaction recorded a sale price of $20,400,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $20,400,000
- Buyer: Sage Homes Northwest
- Brokers: Brandon Lawler, Jerrid Anderson & Dylan Simon - Kidder Mathews
Brandon Lawler, Jerrid Anderson, and Dylan Simon from Kidder Mathews represented the buyer, Sage Homes Northwest, in the transaction.
Players
Lakewood 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93