JLL Capital Markets Brokers $136.125 Million Sale Of Beaumont Apartments In Woodinville, WA
14001 Northeast 183rd Street
$136,125,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 4, 2024
AI
The transaction involved the sale of Beaumont Apartments, a multifamily property located at 14001 Northeast 183rd Street, Woodinville, WA, encompassing 14.3 acres. The sale price was $136,125,000. This asset is a 2009-built, institutional-quality development comprising three buildings, modern apartments, and resort-style amenities, which offer significant value-add potential in a desirable submarket with convenient access to Seattle and surrounding amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $136,125,000
- Address: 14001 Northeast 183rd Street
- Market: Woodinville, WA
- Acres: 14.3
JLL Capital Markets facilitated the transaction, with brokers Chris Ross, Corey Marx, and David Young representing the seller. Their involvement underscores their expertise in the multifamily sector within the region, contributing to the successful completion of the sale of this high-quality property.
Players
Woodinville 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93