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Vista Investment Group Acquires Seattle Multifamily Portfolio From John Stephanus For $35.2M
SOLD
$35,200,000
+ 1
Washington
See Similar DealsMultiFamily
Sold 08/08/2025
SOLD
Vista Investment Group Acquires Seattle Multifamily Portfolio From John Stephanus For $35.2M
1705 Belmont Avenue, 1330 Boren Avenue & 527 Eastlake Avenue East
See Similar DealsMultiFamily
Sold 08/08/2025
+ 1
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
A multi-family property portfolio, consisting of three apartments located at 1705 Belmont Avenue, 1330 Boren Avenue, and 527 Eastlake Avenue East in Seattle, WA, has been sold for $35,200,000. The portfolio comprises a total of 215 units with a price per unit of $163,721.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $35,200,000
- Buyer: Vista Investment Group
- Seller: John Stephanus
- Units: 215
- Price Per Unit: $163,721
The transaction was brokered by Kidder Mathews, with a team comprising John Stephanus, Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller representing both the seller, John Stephanus, and the buyer, Vista Investment Group.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,877,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$125,058.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$166,865.96
Annual Debt Service$2,002,391.50
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