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:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Buyer: DSB Investments
- Seller: Williams Investments II LLC
- Units: 49
- Broker Representation: Byron Rosen, Dylan Roeter, Jacob Odegard, Matt Kemper, Tim McKay & Dan Chhan - Cushman & Wakefield
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
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