facebook

traded

+ Submit
Home

/

Deals

/

Washington

/

Multifamily

/

Sale

/

1433 8th Street Northeast, ...

Goodman Real Estate Inc Sells Multifamily Property In Auburn, WA For $44.5M
SOLDMultiFamily

Goodman Real Estate Inc Sells Multifamily Property In Auburn, WA For $44.5M

1433 8th Street Northeast, Auburn, Washington 98002, United States

$44,500,000

Building Size

Asset Type

MultiFamily

Closing

Sep 15, 2022

AI

The multifamily property located at 1433 8th St NE in Auburn, WA has been sold for a transaction amount of $44,500,000. The property consists of 190 units, resulting in a price per unit (PPU) of $234,211.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $44,500,000
  • Address: 1433 8th St NE, Auburn, WA
  • Market: Auburn, WA
  • Unit Count: 190
  • Price Per Unit (PPU): $234,211

The sale was handled by Goodman Real Estate Inc, with representation from CBRE brokers Jon Hallgrimson, Eli Hanacek, Mark Washington, and Kyle Yamamoto.

Players

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker
Goodman Real Estate
Goodman Real EstateBrokerage
Goodman Real Estate
Goodman Real EstateSeller

Auburn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93