Updated Oct 28, 2024
Everett Housing Authority Acquires Multifamily Property In Everett, WA For $118M
9009 West Mall Drive, Everett, Washington 98208, United States
$118,000,000
Units
381
Asset Type
MultiFamily
Closing
Mar 23, 2022
About this deal
AI
An apartment complex located at 9009 W. Mall Dr. in Everett, WA, was recently sold in a closed transaction. The multifamily property consists of 381 units and was purchased by the Everett Housing Authority, represented by Ashley F. Lommers-Johnson.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $118,000,000
- Units: 381
- Price per Unit: $309,711
Ashley F. Lommers-Johnson, representing the buyer, Everett Housing Authority, played a key role in this acquisition.
The multifamily sale at 9009 West Mall Drive, Everett, Washington 98208, United States in Everett, Washington sold for $118M in 2022. Reported inventory is 381 units across 381 units. This page is the Everett, Washington file for the 9009 West Mall Drive, Everett, Washington 98208, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Everett sit in the Market section below. Filter that Everett multifamily set by closing date to see what else sold near 9009 West Mall Drive, Everett, Washington 98208, United States around 2022. Published consideration for 9009 West Mall Drive, Everett, Washington 98208, United States is $118M, dated 2022. Cite this Everett Housing Authority Acquires Multifamily Property In Everett, WA For $118M sale when underwriting similar multifamily product around Everett, Washington.
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Everett 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93