Updated Oct 28, 2024
Intercontinental Real Estate Sells Seattle Multifamily Properties For $44.5M
8022 15th Avenue Northwest, Seattle, Washington 98117, United States
$44,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
The multifamily property located at 8022 15th Ave NW & 6559 15th Ave NW in Seattle, WA has been sold. The sale was facilitated by CBRE brokers Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto. The seller of the property was Intercontinental Real Estate Corporation. The transaction was closed on 09/30/2022 for a total sale price of $44,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $44,500,000
The CBRE brokers, Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto, represented the seller, Intercontinental Real Estate Corporation, in the deal. This successful transaction reflects the thriving real estate market in Seattle, WA.
On the Map
$44,500,000
MultiFamily
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Players
Seattle 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93