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Mill Creek Residential Acquires Multifamily Property In Kirkland For $26.25M

Property Image
SOLD
$26,250,000
Chris Ross
Corey Marx
Jordan Louie
+ 3

Washington

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MultiFamily278,446 SF
Sold 05/13/2024
the dealplayerscompscontact
Property Image
SOLD

Mill Creek Residential Acquires Multifamily Property In Kirkland For $26.25M

13003 Northeast 70th Place & 13005 Northeast 70th Place

See Similar Deals
MultiFamily278,446 SF
Sold 05/13/2024
Chris Ross
Corey Marx
Jordan Louie
+ 3
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Price Per Square Foot:$94
Total Square Footage:278,446 SF
Transaction Type:Sale

An off-market sale of a 139,223-square-foot multifamily property located at 13003-13005 Northeast 70th Place in Kirkland, WA, was recently facilitated by JLL Capital Markets. The transaction amounted to $26,250,000 at a price per square foot of $189, representing buyer Mill Creek Residential.

Summary of transation details:

JLL Capital Markets played a crucial role in executing the off-market deal for the multifamily property in Kirkland. The involvement of brokers Chris Ross, Corey Marx, David Young, Jordan Louie, Michael Lyford, and Reed Curtis from JLL ensured a successful transaction for both the seller, Totem Bowl & Investments, Inc, and the buyer, Mill Creek Residential.

Players

Chris Ross
JLL
Chris Ross
10 deals$687.9M volume(858) 692-1312
BROKER
Corey Marx
JLL
Corey Marx
8 deals$627.9M volume(206) 607-1726
BROKER
Jordan Louie
CBRE
Jordan Louie
6 deals$314.5M volume(206) 971-7007
BROKER
Michael Lyford
JLL
Michael Lyford
4 deals$252M volume(206) 336-5433
BROKER
Reed Curtis
JLL
Reed Curtis
3 deals$196.5M volume(206) 336-5445
BROKER
David Young
JLL
David Young
8 deals$551.9M volume(206) 607-1719
BROKER

Details

SOLD
IMAGE: 05/13/2024 ADDRESS: 13003-13005 Northeast 70th Place MARKET: Kirkland, WA ASSET TYPE: Multifamily SELLER: Totem Bowl & Investments, Inc BROKERS: Chris Ross, Corey Marx, David Young, Jordan Louie, Michael Lyford & Reed Curtis - JLL SALE PRICE: $26,250,000 SF: 139,223 ~ PPSF: $189 NOTE: JLL Capital Markets facilitated the $26.25 million off-market sale of a 139,223-square-foot land parcel in Kirkland, Washington, representing buyer Mill Creek Residential.

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Debt Service Coverage Ratio (DSCR)

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