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2715 Sunset Lane Northeast ...

Updated Sep 5, 2024

Marcus & Millichap Facilitates $44M Sale Of Sunset Terrace Apartments In Renton
SOLDMultiFamily

Marcus & Millichap Facilitates $44M Sale Of Sunset Terrace Apartments In Renton

2715 Sunset Lane Northeast Renton, Washington 98056, USA

$44,000,000

Units

108

Asset Type

MultiFamily

Closing

Aug 3, 2023

About this deal

AI

The Sunset Terrace Apartments located at 2715 Sunset Ln NE in Renton, Washington have been sold for a staggering price of $44,000,000. This MultiFamily property comprises a total of 108 units, resulting in a per unit price of $407,407. The sale was facilitated by Tammy Linden from Marcus & Millichap, cementing her expertise in the real estate market.

Summary of Transaction Details

  • Property Type: MultiFamily
  • Transaction Amount: $44,000,000
  • Address: 2715 Sunset Ln NE, Renton, WA
  • Units: 108
  • Price Per Unit: $407,407
  • Broker: Tammy Linden - Marcus & Millichap

Marcus Millichap Capital Corporation (MMCC) played a crucial role in orchestrating the successful sale of the Sunset Terrace Apartments. Their expertise and market knowledge facilitated the transaction, resulting in a significant milestone for all parties involved. The sale showcases the vibrant real estate market in Renton, Washington, where valuable properties like Sunset Terrace Apartments continue to attract attention.

Players

Tammy Linden

Marcus & Millichap

Broker

$107.6M

vol

5 deals

Broker

Newcastle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $407.4K per unit across 108 units on a published $44M (2023).

Visit Tammy Linden to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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