Updated Oct 28, 2024
Cooper Street Capital Acquires Multifamily Property In Spokane, WA
1405 East 30th Avenue, Spokane, Washington 99203, United States
$16,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 23, 2022
About this deal
AI
A multifamily property located at 1405 E 30th Ave & 1026 E 30th Ave in Spokane, WA has been sold for a total price of $16,500,000. The property is situated in a desirable market in Spokane.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $16,500,000
The buyer of the property is Cooper Street Capital. The transaction was facilitated by brokers Ryan Harmon, Nicholas Ruggiero, Giovanni Napoli, and Philip Assouad of Marcus & Millichap. They acted as the representatives for Cooper Street Capital in this deal.
On the Map
$16,500,000
MultiFamily
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Players
Spokane 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93