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Veritas Investments Acquires 44-Unit Bellefield Manor Multifamily In Bellevue, WA For $16.1M
SOLD
Washington
See Similar DealsMultiFamily
Sold
SOLD
Veritas Investments Acquires 44-Unit Bellefield Manor Multifamily In Bellevue, WA For $16.1M
1830 108th Avenue Southeast
See Similar DealsMultiFamily
Sold
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
Bellefield Manor, a 44-unit apartment community located at 1830 108th Avenue Southeast in downtown Bellevue, Washington, has been sold for $16.1 million. The property, spanning 1.8 acres, was brokered by Cushman & Wakefield.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,100,000
- Units: 44
- Price Per Unit: $365,909
- Market: Bellevue, WA
Cushman & Wakefield represented both the buyer, Veritas Investments, and the seller in this transaction. The deal was facilitated by brokers Dan Chhan, Matt Kemper, Sam Wayne, and Tim McKay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$858,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,199.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,322.21
Annual Debt Service$915,866.57
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