Updated Dec 4, 2024
T&T Hospitality Services Acquires 44,100-Square-Foot Office Property In Vancouver, WA For $21.1M
4000 Columbia House Boulevard
$21,100,000
$478/SF
Building Size
44,100 SF
Asset Type
Office
Closing
Oct 16, 2023
About this deal
AI
T&T Hospitality Services has acquired the Collective at Vancouver, a 44,100-square-foot office property located at 4000 Columbia House Boulevard in Vancouver, Washington. The property was sold for a total of $21.1 million, with a price per square foot of $478.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $21,100,000
- Square Footage: 44,100
- Address: 4000 Columbia House Boulevard, Vancouver, WA
- Market: Vancouver, WA
T&T Hospitality Services, represented by Tony Kim, is the buyer of the property. The transaction was facilitated by Newmark, acting as the broker in the deal.
On the Map
$21,100,000
$478/SF
Office
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Players
Vancouver 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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93