Updated Jun 18, 2026
Quay Bainbridge LLC Sells 70-Unit Multifamily Community In Bainbridge Island For $16.8M
250 Shannon Drive Washin
$16,800,000
Units
70
Asset Type
MultiFamily
Closing
Jun 16, 2026
About this deal
AI
A 70-unit multifamily community located at 250 Shannon Drive in Bainbridge Island, Washington, has been sold for $16.8 million. The property, offered above its $15 million listing price, showcases a per unit price of $240,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,800,000
- Units: 70
- Per Unit Price: $240,000
- Seller: Quay Bainbridge LLC
- Market: Bainbridge Island, WA
- Brokers: Mark Zoffel & Natalie Kasper - CBRE
The transaction involved Quay Bainbridge LLC as the seller, with brokerage representation from Mark Zoffel and Natalie Kasper of CBRE, who facilitated the sale. The deal took place on June 16, 2026, reflecting significant activity within the Bainbridge Island multifamily market.
On the Map
$16,800,000
MultiFamily
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Players
Shannon 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93