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DSB Investments Acquires 49-Unit Multifamily Portfolio In Everett WA From Williams Investments II LLC For $7M
SOLD
Washington
See Similar DealsMultiFamily
Sold
SOLD
DSB Investments Acquires 49-Unit Multifamily Portfolio In Everett WA From Williams Investments II LLC For $7M
5707 Highway Place & 5709 Highway Place
See Similar DealsMultiFamily
Sold
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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