SEATTLE, WA (September 11, 2025) – Lee & Associates is pleased to announce the sale of the Dover Apartments, a well-maintained 59-unit multifamily property located at 901 6th Avenue in Downtown Seattle’s. Originally constructed in the early 1900s, the building offers a rare combination of vintage architectural character and a walkable urban location, making it a unique opportunity in the Seattle multifamily market. The transaction, which closed with seller financing, marks the first U.S. acquisition…
Marysville Industrial Investment Sale Case Study: MD Marysville Industrial Park
12810,12906 & 12730 State Avenue, Marysville, WA Overview Industry: Industrial/Manufacturing Campus Size: ± 290,749 SF Total Across 3 Buildings Landlord: Private Ownership Tenant: Confidential Aerospace Manufacturer Lease Type: NNN | Renewal & Restructure The Outcome A full-campus renewal was executed with the existing aerospace manufacturer. The new lease structure provided: enhanced rent terms, clearer expense responsibility, embedded flexibility for the landlord, and preservation of occupancy. The outcome eliminated vacancy risk, deferred maintenance exposure, and allowed…
$8.9M Sale of Renovated Mixed-Use Property in Fremont Neighborhood
SEATTLE, WA (September 2, 2025) – Lee & Associates is pleased to announce the successful sale of the Equinox Apartments, a fully renovated 28-unit mixed-use property located at 711 N 35th Street in the heart of Seattle’s dynamic Fremont neighborhood. The property sold on August 29,2025, for $8.9 million plus $1.4 million for a cell towner on the property, with when combined, brings the total to $10.3 million. This marks a significant mixed-use, multifamily transaction…
Lee & Associates – Pacific Northwest August 2025 – Recent Deals
SOLD SOLD SOLD Dover Apartments Equinox Apartments 1102 Commerce Street 901 6th Street, Seattle, WA 711 N 35th Street, Seattle, WA Tacoma, WA Value: $9,650,000 Value: $8,900,000 Value: $3,250,000 Units: 59 Units: 23 Apartments & 5 Commercial Spaces Size: 24,131 Rentable SF Brokers: Daniel Lim, Candice Chevaillier, Dea Sumantri, Sara Bago Brokers: Candice Chevaillier, Daniel Lim, Dea Sumantri, Sara Bago Brokers: Tom Brown, Kyle Prosser LEASED LEASED LEASED 2660…
Multifamily Investment Review Fall 2025
Market Dynamics Resetting The Puget Sound region is seeing a tapering in construction activity after record-setting inventory growth in 2024. Only 11.6K units are expected to be delivered in 2025, down 22% from last year. The pipeline contracted significantly with new construction starts down over 80% from this time last year, representing the lowest level in over a decade. This drop in supply, coupled with healthy leasing velocity, is setting the stage for a recovery…
Downtown Tacoma Office Building Sells to Owner-User
TACOMA, WA (August 11, 2025) —Lee & Associates, is pleased to have brokered the disposition of 1102 Commerce Street located in Tacoma, WA, on behalf of their client Howe/Horizon Holding LLC. The 24,131 SF building, situated in the heart of downtown Tacoma, sold for $3,250,000, or $134.68 per square foot. The buyer, Washington Trust Bank intends to occupy a portion of the property and lease the balance, bringing new activity and tenancy to the downtown…
Lee & Associates | Pacific Northwest Expands Institutional Services Team With James Lambert
July 30, 2025 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services, is pleased to announce that James Lambert, a 25-year veteran of commercial real estate strategy, operations, and investment, has joined the firm’s Bellevue office. At Lee & Associates, Lambert will lead the development of a new Industrial Capital Markets platform, advising institutional investors, developers, family offices, and high-net-worth individuals across the Pacific Northwest and beyond. He will also drive the firm’s strategic client services and portfolio advisory platform, helping industrial…
Lee & Associates – Pacific Northwest July 2025 – Recent Deals
SOLD SOLD SOLD Avia Apartments West Valley @ 212th – Bldg T Cedar Lane 11534 Greenwood Ave N, Seattle, WA 21019 66th Ave S, Kent, WA 12536 Greenwood Ave N, Seattle, WA Value: $3,450,000 Value: $5,960,000 Value: $2,850,000 Size: 18 Units Size: 19,629 SF Size: 16 Units Broker: Aaron Mathieu Brokers: Christian Mattson, Chris Peterson, Billy Moultrie, Richard Peterson, Ryan Aleinikoff, Mindy Llewellyn Broker: Aaron Mathieu LEASED LEASED LEASED Bridge…
Seattle Multifamily Owner-Occupy Sale Case Study: Beachside Five | 5-Units
Key Deal Points Address: 7043 Beach Drive SW, Seattle Units: 5 Sale Price: $2,350,000 Timeline: Quick closing with minimal contingencies Unique Feature: Over 50 feet of private Puget Sound beachfront Challenge Jim and Deb had self-managed Beachside Five for over 40 years, treating the property not just as an investment but as a deeply personal endeavor. They had thoughtfully cared for the property and developed long-standing relationships with their tenants. When they made the decision…
Flying Food Group leases space in new SeaTac building
SEATAC, WA (July 23, 2025) —Flying Food Group has leased 95,700 square feet at an industrial building in SeaTac. The space is located in Bridge Industrial’s 169,600-square-foot Bridge Point SeaTac 300 building, which was completed in 2024. Flying Food is the building’s first tenant. The Chicago-based airline catering company’s lease at 1410 S. 200th St. will expand its footprint, according to a spokesperson for Lee & Associates. Flying Food currently leases a building within Sea-Tac…