Daily limit: 0/10
Waterton Purchases 386-Unit Brackett Apartments In Edmonds From Intercontinental Real Estate Corp And TruAmerica Multifamily For $124M
SOLD
$124,000,000
+ 1
Washington
See Similar DealsMultiFamily
Sold 06/16/2025
SOLD
Waterton Purchases 386-Unit Brackett Apartments In Edmonds From Intercontinental Real Estate Corp And TruAmerica Multifamily For $124M
9501 244th St Sw
See Similar DealsMultiFamily
Sold 06/16/2025
+ 1
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The Brackett Apartments, a multifamily asset consisting of 386 units, were sold for $124 million. Located at 9501 244th St Sw in Edmonds, WA, the property reflects a price per unit of approximately $321,244.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $124,000,000
- Units: 386
- Address: 9501 244th St Sw
- Market: Edmonds, WA
- Buyer: Waterton
- Seller: Intercontinental Real Estate Corp & TruAmerica Multifamily
- Brokers: Eli Hanacek, Kyle Yamamoto, Mark Washington & Natalie Kasper - CBRE
This transaction involved Waterton acquiring the property from a partnership of Intercontinental Real Estate Corp and TruAmerica Multifamily, facilitated by the brokerage team from CBRE, consisting of four brokers who played distinct roles in the deal.
Players
BROKERAGE
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$440,545.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$587,823.26
Annual Debt Service$7,053,879.14
Is there something missing? Send suggestions