Updated May 12, 2025
Bill Moore Of Round Lake LLC Acquires Queen Anne Manor Senior Housing In Seattle For $17.5M
100 Crockett Street
$17,500,000
Building Size
—
Asset Type
Senior Housing
Closing
Apr 3, 2025
About this deal
AI
The asset involved in the transaction is a senior housing property located at 100 Crockett Street in Seattle, WA. The property was acquired for $17,500,000, reflecting a significant investment in the area. This facility is known as Queen Anne Manor, a historic senior living site, and is set to receive improvements under the management of CarePartners Senior Living, a subsidiary of Round Lake LLC.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $17,500,000
- Buyer: Bill Moore - Round Lake LLC
- Seller: Capitol Seniors Housing
- Market: Seattle, WA
Bill Moore represents Round Lake LLC in this acquisition, marking their first investment in Seattle. Capitol Seniors Housing, the seller, previously sold this property nine years ago for 43% more than the recent sale price. Round Lake LLC operates over 30 properties through its CarePartners Senior Living subsidiary across Washington and Arizona.
On the Map
$17,500,000
Senior Housing
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Players
Seattle Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93