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6605 Cemetery Road

Cushman & Wakefield Facilitates $7.5M Multifamily Sale In Arlington, WA
SOLDMultiFamily

Cushman & Wakefield Facilitates $7.5M Multifamily Sale In Arlington, WA

6605 Cemetery Road

$7,500,000

$454/SF

Building Size

16,520 SF

Asset Type

MultiFamily

Closing

Jan 9, 2024

AI

The recently constructed 6605 Apartments community in Arlington, WA has been sold for a record-breaking price of $7.5 million. This multifamily asset is located at 6605 Cemetery Road and spans a total area of 454 square feet. The sale price translates to an impressive $16,520 per square foot, highlighting the desirability and value of the property in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Address: 6605 Cemetery Road
  • Market: Arlington, WA

The sale of the 6605 Apartments community was facilitated by the team at Cushman & Wakefield, including Byron Rosen, Dan Chhan, Matt Kemper, Sam Wayne, and Tim McKay. These brokers played a crucial role in achieving the record-breaking sale price of $454 per square foot for the property. Their expertise and negotiation skills were instrumental in closing this successful deal.

This transaction demonstrates the high demand for multifamily assets in the Arlington, WA market. The impressive sale price showcases the strong investment potential of the 6605 Apartments community and the value it holds for both investors and residents.

Players

Tim McKay

Cushman & Wakefield

Broker

$289.6M

vol

16 deals

Broker

Arlington 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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93