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5707 Highway Place

DSB Investments Acquires 49-Unit Multifamily Portfolio In Everett WA From Williams Investments II LLC For $7M
SOLDMultiFamily

DSB Investments Acquires 49-Unit Multifamily Portfolio In Everett WA From Williams Investments II LLC For $7M

5707 Highway Place & 5709 Highway Place

$7,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 21, 2025

AI

A multifamily portfolio consisting of 49 units located at 5707 Highway Place and 5709 Highway Place in Everett, WA, was sold for $7,000,000. The price per unit amounts to $142,857.

Summary of transaction details:

This transaction reflects the involvement of Bellevue-based DSB Investments acquiring the multifamily properties from Williams Investments II LLC. The brokers facilitating this deal were part of the Cushman & Wakefield team, showing a collaborative effort in the transaction process.

Players

Tim McKay

Cushman & Wakefield

Broker

$289.6M

vol

16 deals

Broker

Everett 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93