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1830 108th Avenue Southeast

Veritas Investments Acquires 44-Unit Bellefield Manor Multifamily In Bellevue, WA For $16.1M
SOLDMultiFamily

Veritas Investments Acquires 44-Unit Bellefield Manor Multifamily In Bellevue, WA For $16.1M

1830 108th Avenue Southeast

$16,100,000

Building Size

Asset Type

MultiFamily

Closing

Dec 14, 2023

AI

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.

Players

Tim McKay

Cushman & Wakefield

Broker

$289.6M

vol

16 deals

Broker
VI
Veritas InvestmentsBuyer

Bellevue 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93