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CWP Capital Acquires Seven Office Buildings From Martin Selig Real Estate In Seattle For $120M
SOLD
$120,000,000
Washington
See Similar DealsOffice1,100,000 SF
Sold 11/12/2025
SOLD
CWP Capital Acquires Seven Office Buildings From Martin Selig Real Estate In Seattle For $120M
2101 4th Avenue
See Similar DealsOffice1,100,000 SF
Sold 11/12/2025
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$109
Total Square Footage:1,100,000 SF
Transaction Type:Sale
The asset involved in the transaction is an office property located at 645 Elliott Ave West in Seattle, WA. The sale price for this property was set at $120,000,000, with a total square footage of 1,100,000 and a price per square foot of $109.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $120,000,000
- Buyer: CWP Capital
- Seller: Martin Selig - Martin Selig Real Estate
- Sale Date: 11/12/2025
- Market: Seattle, WA
- Square Footage: 1,100,000
- Price Per Square Foot: $109
The transaction involved Martin Selig Real Estate transferring seven office buildings to CWP Capital via trustee’s deed. This transfer occurred after $239,000,000 in CMBS loans related to the properties went into receivership.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$426,334.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$568,861.22
Annual Debt Service$6,826,334.65
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