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Kidder Mathews Brokers Max Frame, Dylan Simon & Jerrid Anderson Sell Vancouver Multifamily For $38.7M

Property Image
SOLD
$38,700,000

Washington

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MultiFamily
Sold 07/18/2022
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Property Image
SOLD

Kidder Mathews Brokers Max Frame, Dylan Simon & Jerrid Anderson Sell Vancouver Multifamily For $38.7M

13414 Northeast 23rd Avenue, Vancouver, Washington 98686, United States

See Similar Deals
MultiFamily
Sold 07/18/2022
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 13414 NE 23rd Ave in Vancouver, WA has been sold in a closed transaction. The property consists of 124 units and was sold for a total price of $38,700,000, resulting in a per unit price of $312,097.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $38,700,000
  • Units: 124
  • Price Per Unit: $312,097

The sale of this multifamily property was facilitated by brokers Dylan Simon, Max Frame, and Jerrid Anderson from Kidder Mathews.

Players

Dylan Simon
15 deals$365.8M volume
BROKER

Jerrid Anderson
Kidder Mathews
14 deals$350.8M volume
BROKER

Max Frame
Kidder Mathews
12 deals$69.7M volume
BROKER

Details

SOLD
IMAGE: Max Frame, Dylan Simon & Jerrid Anderson DATE: 07/18/2022 ADDRESS: 13414 NE 23rd Ave MARKET: Vancouver, WA ASSET TYPE: Multifamily BROKERS: Dylan Simon, Max Frame & Jerrid Anderson - Kidder Mathews SALE PRICE: $38,700,000 UNITS: 124 ~ PPU: $312,097

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,064,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$137,492.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$183,457.74
Annual Debt Service$2,201,492.93