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8022 15th Avenue Northwest,...

Intercontinental Real Estate Sells Seattle Multifamily Properties For $44.5M
SOLDMultiFamily

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

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.

Players

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker
IC
Intercontinental Real Estate CorporationSeller

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