Key Deal Points 8320 5th Ave NE, Seattle 8-Unit Mixed Use, 2 retail/office spaces and 6 residential units Sale Price $2.48M 90 days from list to close in a changing market Represented Seller Thank you for your outstanding work on selling 8320 5thAve NE! A change in market conditions, increase in prevailing interest rates, updating the sales price and closing prorations due to discoveries, and the topper… getting actual access into all the building…
Case Study – Parkway 8-Unit
Key Deal Points 2321 NE 55th St 8-Units $2,250,000 All Cash Offer Preserved values in a shifting rate environment Daniel & his team’s patience through the whole process, along with their understanding, clear explanations and guidance was truly appreciated. Their knowledge of the market and presentations gave us a clear picture of what we could expect as well as when and how we should enter the market. All the Q&As were helpful and the…
An Examination of the Pacific Northwest Real Estate Climate: First Half of 2023
The commercial real estate sector of Puget Sound has demonstrated noteworthy dynamics across its Industrial, Multifamily, and Capital Markets during the initial half of 2023. Industrial Sector: Confronting Inventory Scarcity Amid Investor Appetite The Industrial market is active with investors and users alike, but inventory is scarce for land and buildings. Interest rate hikes strongly impacted the volume of investment, leaving Sellers wondering how far price adjustments will go before the market stabilizes. Investments…
Case Study – Capitol Hill 11 Units
Key Deal Points 766 Belmont Ave E, Seattle 11-Unit Apartment in North Capitol Hill Sale Price $3.05M Represented 1031 Buyer Facilitated Loan Assumption at 3.5% interest rate The Lee Multifamily team was fantastic to work with. They expertly handled multiple moving parts to successfully close this purchase in a short timeframe. The Lee team efficiently facilitated all aspects of the purchase, including property identification, negotiation with the seller, loan assumption, and inspections. When the…
Two Lee & Associates | Pacific Northwest Brokers Named Among 2023 Circle of Excellence Award Winners
We are thrilled to announce that two exceptional Principals from our team have received our company’s highest national recognition, the Lee & Associates Circle of Excellence award, for their outstanding success in client representation. It is an honor to recognize Jim Reed, SIOR, who, for the second consecutive year, is distinguished for his prestigious achievements in Investment. Equally deserving is Candice Chevaillier, CCIM, whose thought leadership and overall excellence in the Multifamily sector have earned her a…
Daniel Lim of Lee & Associates | Pacific Northwest Named Among Connect CRE’s 2023 Next Generation Award Winners
Lee & Associates’ Vice President, Daniel Lim has been named among Connect CRE’s Next Generation Award winners for 2023 in the Seattle & Northwest Region! MEDIA CONTACT Jim Bowles, SIOR Lee & Associates (206) 773-2673 jbowles@lee-associates.com
Two Lee & Associates | Pacific Northwest Brokers Named Among GlobeSt. 2023 Women of Influence Awards
Lee & Associates’ Principal, Candice Chevaillier and Senior Vice President, Adrienne Hunter have been named among GlobeSt. 2023 Women of Influence honorees! MEDIA CONTACT Jim Bowles, SIOR Lee & Associates (206) 773-2673 jbowles@lee-associates.com
Case Study – Lower Queen Anne 21 Units
Key Deal Points 620 Ward St, Seattle 21-Unit Apartment in Lower Queen Anne Sale Price $7.3M Cap Rate at close 4.23% Represented Seller & Buyer Coordinated 1031 Exchanges for both parties I feel lucky to have found Candice and her team at Lee & Associates to sell my multi-family property in Seattle, WA. I was immediately impressed with the diversity of her team and their focus on understanding my goals as a seller. They…
Case Study – Greenlake 7 Units
Key Deal Points 6542 4th Ave NE $2,220,000 43% Vacant at Closing 11 offers received Non-Contingent at Mutual Acceptance Maximized terms and secured surety of close for client We were very pleased – in all respects – with Daniel and Lee & Associates’ performance on our transaction. Everything happened just the way and on just the timeline they said it would. They also stayed involved, helping us clean up details, long after closing. We…
Case Study – Nuovo Magnolia 6 Units
Key Deal Points 3241 21st Ave W, Seattle 6-Unit, Turn-key Asset No Negotiation after Mutual Acceptance Mutual to Closing Table in 23 days 1031 Exchange Buyer Sale Price $1.725M Cap Rate 5.23% Our team really enjoyed working with the Lee & Associates Northwest Multifamily team. During the marketing, they got creative and encouraged us to stage one of our units to increase prospective tenant traffic, help us achieve both a higher rent, and give…