Updated Nov 14, 2025
CWP Capital Acquires Seven Office Buildings From Martin Selig Real Estate In Seattle For $120M
2101 4th Avenue
$120,000,000
$109/SF
Building Size
1,100,000 SF
Asset Type
Office
Closing
Nov 12, 2025
About this deal
AI
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.
On the Map
$120,000,000
$109/SF
Office
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Seattle Office Market Snapshot
Boundary boundary · Office · 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