Updated Oct 29, 2024
LN Northtowne LLC Acquires Northtowne Shopping Center Retail Complex In Bellevue, WA For $14.5M
2636 Bellevue Way Northeast Bellevue, Washington 98004, USA
$14,500,000
Building Size
—
Asset Type
Retail
Closing
Aug 15, 2023
About this deal
AI
The Northtowne Shopping Center, a QFC-anchored retail complex located at 2636 Bellevue Way NE in Bellevue, WA, has been sold for $14.5 million. The property spans 3.2 acres and is situated near state Route 520.
Summary of transaction details
- Property Type: Retail
- Sale Price: $14,500,000
- Address: 2636 Bellevue Way NE, Bellevue, WA
- Market: Bellevue, WA
- ACRES: 3.2
LN Northtowne LLC, linked to Trinity Real Estate, has acquired the Northtowne Shopping Center. They have purchased the QFC-anchored retail complex for $14.5 million in a significant deal in the Bellevue market.
Players
Bellevue Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93