Updated Oct 29, 2024
HAL Real Estate Acquires Office In Bellevue, WA For $18M
3190 160th Avenue Southeast Bellevue, Washington 98008, USA
$18,000,000
$297/SF
Building Size
60,423 SF
Asset Type
Office
Closing
Jun 8, 2023
About this deal
AI
The office property located at 3190 160th Avenue Southeast in Bellevue, WA has been sold in a closed transaction. The property, spanning 60,423 square feet, was acquired by HAL Real Estate for a sale price of $18,000,000, resulting in a price per square foot of $298.
Summary of transation details
- Property Type: Office
- Transaction Amount: $18,000,000
- Square Footage: 60,423
- Address: 3190 160th Avenue Southeast, Bellevue, WA
- Market: Bellevue, WA
The deal was facilitated by the brokers involved in the transaction. Pat Mutzel represented HAL Real Estate as their broker from Cushman & Wakefield, while Jeffrey Cole, Jeff Chiate, Bryce Aberg, Mike Adey, Nico Napolitano, and Zach Harman represented the West Coast Capital Markets Group.
A comprehensive overview of the property's features and the key individuals and companies involved highlights the successful sale of the office asset in Bellevue, WA.
Players
Bellevue 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93