Champion Real Estate Company Acquires Seattle Student Housing For $7M
700 Northeast 45th Street, Seattle, Washington 98105, United States
$7,000,000
Building Size
—
Asset Type
Other
Closing
Jul 5, 2022
AI
A student housing property located at 700 NE 45th St in Seattle, WA was recently sold for a total price of $7,000,000. The property consists of 110 units, with each unit having a price per unit (PPU) of $63,636.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $7,000,000
The buyer of the property was Champion Real Estate Company, represented by Garrett Champion. The sale was facilitated by Dylan Simon from Kidder Mathews.
Players
Seattle Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93