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

Property Image
SOLD
$7,500,000
Sam Wayne
Matt Kemper
+ 2

Washington

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MultiFamily16,520 SF
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Property Image
SOLD

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

6605 Cemetery Road

See Similar Deals
MultiFamily16,520 SF
Sold
Sam Wayne
Matt Kemper
+ 2
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Price Per Square Foot:$454
Total Square Footage:16520 SF
Transaction Type:Sale

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
16 deals$289.6M volume
BROKER

Dan Chhan
Cushman & Wakefield
16 deals$289.6M volume
BROKER

Sam Wayne
Cushman & Wakefield
9 deals$395.5M volume
BROKER

Matt Kemper
Cushman & Wakefield
16 deals$289.6M volume
BROKER

Byron Rosen
Cushman & Wakefield
6 deals$152.5M volume(206) 819-4488
BROKER

Details

SOLD
IMAGE: Byron Rosen, Dan Chhan, Matt Kemper, Sam Wayne & Tim McKay DATE: 01/09/2024 ADDRESS: 6605 Cemetery Road MARKET: Arlington, WA ASSET TYPE: Multifamily BROKERS: Byron Rosen, Dan Chhan, Matt Kemper, Sam Wayne & Tim McKay - Cushman & Wakefield SALE PRICE: $7,500,000 SF: 16,520 ~ PPSF: $454 NOTE: Cushman & Wakefield's team, including Rosen, McKay, Chhan, Kemper, and Wayne, facilitated the $7.5 million sale of the recently constructed 6605 Apartments community in Arlington, WA, at a record-breaking price of $454 per square foot.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
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