Updated Dec 4, 2024
SEB Development Sells Duo Multifamily Complex In University Place For $30.5M
4201 Bridgeport Way West & 4205 Bridgeport Way West
$30,500,000
Units
104
Asset Type
MultiFamily
Closing
Feb 7, 2024
About this deal
AI
The Duo, a multifamily complex located at 4201 Bridgeport Way West & 4205 Bridgeport Way West in University Place, WA, was recently sold for a total price of $30,500,000. This transaction involved 104 units, amounting to an average price per unit of $293,269.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $30,500,000
- Address: 4201 Bridgeport Way West & 4205 Bridgeport Way West
- Market: University Place, WA
- Seller: SEB Development
- Units: 104
- Price Per Unit: $293,269
SEB Development was the seller of The Duo multifamily complex in University Place, WA. The sale, totaling $30.5 million, showcases the significant investment activity in the area.
On the Map
$30,500,000
MultiFamily
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University Place 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93