Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
Pathfinder Partners Buys 160-Unit, Seattle-Area Res Asset

6/02/17

Pathfinder Partners has purchased The Argyle, a 160-unit, Seattle-area multifamily community, for $25 mil, or $156.3k/unit. Built in 1984, the property is located at 2517 S. 316th Lane in Federal Way.

The Argyle is situated on 4.95 acres and includes 13 three-story buildings comprised of 81 one-bedroom/one-bathroom units, 49 two-bedroom/one-bathroom units and 30 two-bedroom/two-bathroom units averaging 792 sf in size. The community includes a pool area, children’s playground area, recently renovated fitness center, leasing office and clubhouse.

Pathfinder plans to add more amenities as well as renovate the property’s exterior and unit interiors. The project was purchased from an undisclosed seller, which had owned and operated the community for two years. Jeff Williams and Kim Brown of Moran & Company represented the seller in the transaction.

Pathfinder finds Seattle to be a desirable market for investment, in part because of the city’s low vacancy rate, continued rental rate increases and robust job growth. The company acquired two other Federal Way properties, Cedardale, a 126-unit apartment complex acquired in 2015, and Redondo Terrace, a 78-unit multifamily community which Pathfinder sold in May 2015.






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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media