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Quay Bainbridge LLC Sells 70-Unit Multifamily Community In Bainbridge Island For $16.8M
SOLD
$16,800,000
Washington
See Similar DealsMultiFamily
Sold 06/16/2026
SOLD
Quay Bainbridge LLC Sells 70-Unit Multifamily Community In Bainbridge Island For $16.8M
250 Shannon Drive Washin
See Similar DealsMultiFamily
Sold 06/16/2026
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$895,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,686.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,640.57
Annual Debt Service$955,686.85
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