March 31, 2022 (SEATTLE, WA) – Heading into the second quarter of 2022, the multifamily market in Seattle looks poised to continue its upward trajectory, building off of a still-recovering market in 2021. Lee & Associates, the largest broker-owned commercial real estate firm in North America, recently released its report titled “Multifamily Investment Review 2022,” which provides an overview of Seattle’s multifamily market in 2021 and discusses various factors including key economic trends, rental demand…
Case Study – 11 Units in Leschi
Key Deal Points 201 30th Ave S, Seattle Renovated 11-Unit with water views Competitive multiple offer situation Current Cap Rate at 4.6% Mutual Acceptance to Close in 47 Days I’m a seasoned real estate investor but do not know Seattle and needed someone to explain the neighborhoods and show me the inventory based on my needs. I was lucky enough to meet Dea who is a Seattle area expert and great at listening to…
Case Study – Maywood 10 Units in Queen Anne
Key Deal Points 1321 4th Ave W, Seattle Charming Queen Anne style 10-Unit 6 Offers Non-Contingent Offer Sold at $100k over list In handling the successful sale of our building, Candice and her team helped us through all the intricate steps with expert advice and attention to detail. Selling an apartment building is far more challenging than selling residential real estate! – Rob & Beth, Clients For more information regarding this case study, please…
Case Study – Fremont 6 Unit
Key Deal Points 3912 Linden Ave N, Seattle 6 units Sale Price: $1,800,000 Non-Contingent Offer Closed in 50 days as part of a 1031 exchange. Candice, Daniel & Dea’s services from start to finish were excellent. Communications with the team were clear and timely. As we neared closing, the team did everything to ensure a successful conclusion. I would highly recommend you. – The Maxwell’s For more information regarding this case study, please contact:…
Seattle’s Fremont Court Asset Hits the Market with $18MM Pricing
October 26, 2021 (SEATTLE, WA) – Seattle-based developer Brian Regan has placed on the market for sale the mixed-use project known as Fremont Court in the Fremont neighborhood of Seattle. This is the first time in 22 years that the property is offered to the market. The asking price on the sale of the property is $18 million, according to sources aware that the property is up for sale. The current owner of the complex…
Case Study – Wallingford Part Apartments
Key Deal Points 3801 Wallingford Ave N, Seattle 7 Units 3 Non-Contingent Offers Sold at $30K Over List All Cash Buyer, Non-Contingent Offer On Market to Closed in 47 Days After a second successful apartment building sale, we continue to be pleased with the Lee & Associate’s team of Candice, Daniel and Dea. They lead us through the financial analysis, marketing, and escrow phases of the sale. We received several quality offers. They helped us…
Case Study – Hawthorn Hills 8 Unit
Key Deal Points 3912 Linden Ave N, Seattle 6 units Sale Price: $1,800,000 Non-Contingent Offer Closed in 50 days as part of a 1031 exchange. For more information regarding this case study, please contact: Candice Chevaillier, CCIM Principal D (206) 773-2694 cchevaillier@lee-associates.com Daniel Lim Vice President D (206) 773-2692 dlim@lee-associates.com Dea Sumantri Associate Vice President D (206) 773-2680 dsumantri@lee-associates.com Chris Larsen Associate D (206) 773-2695 clarsen@lee-associates.com Challenge A successful local townhome developer…
Case Study – Elliott View Apartments 8 Units
Key Deal Points 909 4th Ave N, Seattle – Elliott View 8 Units Competitive offer scenario in an uncertain market Sale Price: $2,400,000 Cap Rate: 4.05% / Price per SQFT: $492 “I selected the Lee & Associates Multifamily Team knowing their strong experience with Queen Anne sales, and also Candice’s hard work with the RHA owner’s organization. The team handled marketing in the time of COVID was handled with sensitivity and patience. Daniel’s weekly marketing…
Case Study – 1938 11th Avenue W | 7 Units
Key Deal Points 1938 11th Avenue W, Seattle, WA Classic 7 unit with sweeping views Competitive multiple offer situation Negotiated pricing $200K under List Current cap rate was over 5% Mutual acceptance to close in 47 days The Lee & Associates team led by Candice Chevaillier assisted us to a great extent in achieving our investment goal with this purchase. Their attention to detail and ability to discern our needs was remarkable. We have…
Case Study – Island Lanai Apartments
Key Deal Points 2820 75th Place S, Mercer Island, WA 9 units with penthouse suite 13 offers Sold at $400K over list All cash buyer, non-contingent offer On market to Close in 51 days Candice, Daniel, and Dea of Lee & Associates are dedicated, knowledgeable and hard-working professionals. They developed an excellent marketing strategy and process that lead to multiple high-quality offers. We were incredibly pleased with the sales results. They initially explained the…