Great Expectations Acquires Sagebrook Senior Housing In Bellevue, WA For $16.5M
15750 Northeast 15th Street
$16,500,000
Building Size
—
Asset Type
Senior Housing
Closing
Jan 18, 2024
AI
Cushman & Wakefield has facilitated the $16.5 million sale of Sagebrook, a 108-unit Senior Assisted Living and Memory Care community on approximately 2.3 acres in Bellevue, Washington. The property is located at 15750 Northeast 15th Street and is situated in the thriving market of Bellevue, WA.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $16,500,000
- Address: 15750 Northeast 15th Street
- Market: Bellevue, WA
- Units: 108
- Price per Unit (PPU): $152,778
The buyer of Sagebrook is Great Expectations, and the deal was represented by brokers from Cushman & Wakefield, namely Dan Chhan, Matt Kemper, Sam Wayne, and Tim McKay.
Players
Bellevue Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93