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HAL Real Estate Acquires Office In Bellevue, WA For $18M
SOLD
$18,000,000
+ 2
Washington
See Similar DealsOffice60,423 SF
Sold 06/08/2023
SOLD
HAL Real Estate Acquires Office In Bellevue, WA For $18M
3190 160th Avenue Southeast Bellevue, Washington 98008, USA
See Similar DealsOffice60,423 SF
Sold 06/08/2023
+ 2
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$297
Total Square Footage:60,423 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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