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
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