Aukum Group Acquires Multifamily Property In Vancouver, WA For $38.5M
2231 Northeast Bridgecreek Avenue
$38,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 25, 2023
AI
The multifamily property located at 2231 NE Bridgecreek Ave in Vancouver, WA has been sold in a transaction. The property consists of 154 units and was sold for a price of $38,500,000, resulting in a per unit price of $250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,500,000
The buyer of the property is Aukum Group, while the seller is Meadowbrook Place LLC. The deal was facilitated by Greg Frick, Tyler Johnson, and Rob Marton from HFO Investment Real Estate who represented the parties involved in the transaction.
Players
Vancouver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93