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2231 Northeast Bridgecreek ...

Aukum Group Acquires Multifamily Property In Vancouver, WA For $38.5M
SOLDMultiFamily

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

Greg Frick

HFO Investment Real Estate

Broker

$80.3M

vol

5 deals

Broker

Vancouver 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93