Updated Jan 9, 2025
Pathfinder Partners Acquires Sundance Apartments In Milton For $28.15M From SEB Inc
210 27th Avenue
$28,150,000
Units
105
Asset Type
MultiFamily
Closing
Jan 8, 2025
About this deal
AI
The multifamily property located at 210 27th Avenue in Milton, WA, has been sold for $28,150,000. This asset consists of 105 units, leading to a price per unit of $268,095. The transaction was conducted at a 3.9% cap rate.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $28,150,000
- Units: 105
- Price Per Unit: $268,095
- Cap Rate: 3.9%
- Buyer: Pathfinder Partners
- Seller: SEB Inc
Pathfinder Partners acquired the Sundance apartments through its Income Fund L.P., with a strategic focus on class-B apartments in the Western U.S.
On the Map
$28,150,000
MultiFamily
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Players
Milton 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93