Aukum Group Acquires Multifamily Property In Vancouver, WA For $38.5M
SOLD
$38,500,000
Washington
See Similar DealsMultiFamily
Sold
SOLD
Aukum Group Acquires Multifamily Property In Vancouver, WA For $38.5M
2231 Northeast Bridgecreek Avenue
See Similar DealsMultiFamily
Sold
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
Annual Debt Service$2,190,115.70
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