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14001 Northeast 183rd Street

JLL Capital Markets Brokers $136.125 Million Sale Of Beaumont Apartments In Woodinville, WA
SOLDMultiFamily

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

Chris Ross

JLL

Broker

$687.9M

vol

10 deals

Broker

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