The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 22, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Multifamily Asset in Seattle’s First Hill Neighborhood Trades for $365k/Unit


Stella Apartments, a 20-unit community in the First Hill neighborhood of Seattle, WA, sold for $6.85 mil, or $342.5k/unit. Stella is ideally located less than one mile from Downtown Seattle and within blocks of the Pike-Pine corridor, Seattle University and the First Hill Medical community.

Originally constructed in 1970, Stella recently underwent a significant renovation to unit interiors, common areas and the building exterior. The thoughtfully designed one-, two-, and three-bedroom floor plans are intended to maximize entry space and appeal to the First Hill neighborhood’s growing diverse tenant base. Over-sized windows provide spectacular views of the Seattle skyline, Elliott Bay, nearby stadiums and the Olympic Mountains, while vinyl plank flooring, in-unit washer and dryers, and professionally designed kitchens set this building apart from its competitors.

Steven Chattin, Mitchell Belcher and Jay Timpani of CBRE’s Pacific Northwest Multifamily team represented the seller, Stella Apartments, LLC, in the transaction. The buyer was Hill Vista LLC.

“Stella provides an excellent opportunity to capitalize on the economic growth that Seattle continues to offer, especially in the First Hill neighborhood of Seattle,” said Chattin. “The recent building renovations, along with immediate proximity to major employers, transit, education, dining and entertainment, have established Stella as one of the most iconic buildings in the neighborhood.”

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media