Updated Dec 5, 2024
Clarion Partners Acquires 191-unit Willow Pointe Multifamily In Vancouver For $45.5M
13717 Northwest 2nd Avenue
$45,500,000
Units
191
Asset Type
MultiFamily
Closing
Nov 20, 2024
About this deal
AI
The property involved in this transaction is a multifamily asset located at 13717 Northwest 2nd Avenue, Vancouver, WA. The sale was executed for a total transaction amount of $45,500,000, which translates to a price per unit of $238,220. The property comprises 191 residential units within the Willow Pointe apartment complex.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $45,500,000
- Units: 191
- Price Per Unit: $238,220
- Buyer: Clarion Partners
- Broker: Marcus & Millichap
Clarion Partners facilitated the acquisition of the Willow Pointe apartment complex, while the transaction was brokered by Marcus & Millichap's Institutional Property Advisors, underscoring the involvement of established entities in this multifamily real estate deal.
On the Map
$45,500,000
MultiFamily
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Players
Vancouver 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93