Updated Aug 13, 2026
11 Capital Acquires 131-Unit Multifamily Property From Weidner Apartment Homes For $35,130,000
12522 8th Ave.
$35,130,000
Units
131
Asset Type
MultiFamily
Closing
Mar 4, 2025
About this deal
AI
The property involved in the transaction is a multi-family asset located at 12522 8th Ave, Everett, WA. This asset consists of 131 units and was sold for $35,130,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $35,130,000.00
- Address: 12522 8th Ave.
- Market: Everett, WA
- Units: 131
- Buyer: 11 Capital
- Seller: Weidner Apartment Homes
The key individuals and companies involved in the transaction include the buyer, 11 Capital, and the seller, Weidner Apartment Homes. Each party engaged in this deal, leading to the finalized sale of the multi-family property.
Players
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93