Updated Sep 5, 2024
CBRE Brokers Sell Issaquah Multifamily Property For $78.5M
18305 Southeast Newport Way, Issaquah, Washington 98027, United States
$78,500,000
Units
201
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
The multifamily property located at 18305 SE Newport Way in Issaquah, WA has been sold for a total price of $78,500,000. This transaction took place on 11/23/2022. The property consists of 201 units, resulting in a price per unit of $390,547.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $78,500,000
- Address: 18305 SE Newport Way, Issaquah, WA
- Market: Issaquah, WA
- Brokers: Jon Hallgrimson, Eli Hanacek, Mark Washington & Kyle Yamamoto - CBRE
- Units: 201
- Price per Unit: $390,547
The deal was facilitated by CBRE with brokers Jon Hallgrimson, Eli Hanacek, Mark Washington, and Kyle Yamamoto representing the parties involved.
On the Map
$78,500,000
MultiFamily
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Players
Issaquah 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93