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18305 Southeast Newport Way...

CBRE Brokers Sell Issaquah Multifamily Property For $78.5M
SOLDMultiFamily

CBRE Brokers Sell Issaquah Multifamily Property For $78.5M

18305 Southeast Newport Way, Issaquah, Washington 98027, United States

$78,500,000

Building Size

Asset Type

MultiFamily

Closing

Apr 17, 2023

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

The deal was facilitated by CBRE with brokers Jon Hallgrimson, Eli Hanacek, Mark Washington, and Kyle Yamamoto representing the parties involved.

Players

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker

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