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Great Expectations Acquires Sagebrook Senior Housing In Bellevue, WA For $16.5M
SOLD
$16,500,000
+ 1
Washington
See Similar DealsSenior Housing
Sold
SOLD
Great Expectations Acquires Sagebrook Senior Housing In Bellevue, WA For $16.5M
15750 Northeast 15th Street
See Similar DealsSenior Housing
Sold
+ 1
Summary
WASHINGTON
Asset Type:Senior Housing
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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