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8/29/24
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SKY Sammamish, a 159-unit multifamily property in Sammamish, WA, traded hands in a $71 mil ($446k/unit) transaction. Located at 22526 SE 4th St, the property consists of one-, two- and three-bedroom units and two-story townhomes with private entrances.
SKY Sammamish features contemporary architecture with high-end finishes, open floor plans, large windows, walk-in closets and private balconies. Additionally, the property was designed with sustainability in mind, achieving LEED gold certification. Residents have access to a state-of-the-art fitness center, a top floor sky view lounge, and landscaped courtyard with fire pit, barbeque area and pickleball and basketball court
The property is situated adjacent to Sammamish Village, a 110k sf mixed-use development featuring healthcare, grocery and retail. Additionally, the property is within a short walk of a new YMCA, the Sammamish Farmers Market, the Sammamish Library, a youth skating park, a 25-acre park and play area with a community garden, pea patch and more. Two of Washington’s top-rated schools are also nearby.
The transaction was facilitated by CBRE’s Eli Hanacek, Mark Washington and Kyle Yamamoto, who represented the seller, MainStreet Property Group & HAL Real Estate Inc.
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