The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 18, 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?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Washington Apartment Property Sells for $53 Mil

4/30/24

2000 Lake Washington, a 186-unit multifamily community in Renton, WA, traded hands in a $53.2 mil ($286k/unit) transaction. The asset was sold by New York Life Real Estate Investors.

Situated on 9.2 acres at 1300 N 20th St in Renton, 2000 Lake Washington was built in 1986 and renovated in 2016. The property consists of 18 buildings with one-bedroom and two-bedroom floorplans averaging 706 sf in size. Each apartment includes an in-unit washer/dryer and a balcony or patio. Community amenities include a fitness center, dog park, business center and clubhouse, outdoor pool and sauna and electric vehicle chargers.

The property is across the street from Lake Washington, the Renton Sailing Center and Gene Coulon Memorial Beach Park. Tenants are minutes away from retail amenities and attractions including The Landing, Topgolf, Henry Moses Aquatic Center and Museum of Flight, as well as immediate access to the expanding Boeing plant.

Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper with CBRE’s multifamily team in the Pacific Northwest represented the seller in the deal. Peter Marino, Troy Tegeler, Trevor Breaux and Ryan Greer with CBRE’s Debt and Structured Finance team are in the process of arranging financing for the buyer, who paid cash at the time of sale.

“The property’s exceptional location overlooking Lake Washington, proximity to the region’s leading employers and amenities, and recent capital improvements were key factors in attracting strong interest from buyers,” said Yamamoto. “When combined with limited supply, affluent demographics and low vacancy, 2000 Lake Washington is a generational quality asset on the Eastside.”




Return to the previous 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