Updated Sep 5, 2024
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.
On the Map
$44,000,000
MultiFamily
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Newcastle 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93