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3190 160th Avenue Southeast...

HAL Real Estate Acquires Office In Bellevue, WA For $18M
SOLDOffice

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

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

Bryce Aberg

Cushman & Wakefield

Broker

$1.1B

vol

20 deals

Broker
HE
HAL Real EstateBuyer

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