Updated Aug 3, 2026
Security Properties Acquires 134-Unit Langara Apartments In Issaquah For $55.1 Million From JB Matteson
5105 Issaquah-Pine Lake Road Southeast
$55,100,000
Units
134
Asset Type
MultiFamily
Closing
Jul 30, 2026
About this deal
AI
The property involved in the transaction is a 134-unit multifamily asset located at 5105 Issaquah-Pine Lake Road Southeast in Issaquah, WA. The sale price for this property was $55,100,000, which translates to $411,194 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $55,100,000
- Units: 134
- Price Per Unit: $411,194
- Buyer: Security Properties
- Seller: JB Matteson
- Broker: CBRE
Security Properties acquired the Langara Apartments from JB Matteson. This transaction emphasizes the role of CBRE as the broker facilitating the deal.
On the Map
$55,100,000
MultiFamily
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Players
Issaquah 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93