PORTFOLIO SUMMARY
The Seattle MSA Portfolio consists of three properties totaling 283 multifamily units, Sunrise Lane (131 units), Glennbrook (80 units), and Heron View (72 units) located within the Seattle MSA. The properties can be purchased together as a portfolio, or separately. Sunrise Lane and Glennbrook are located within close proximity of one another, providing ownership the opportunity to maximize operational efficiencies.
heron view
18249 73rd Avenue | Kenmore, WA
72 Units
Built in 1987
Average Unit Size: ±797 SF
sunrise lane
12522 8th Avenue W | Everett, WA
131 Units
Built in 2000
Average Unit Size: ±1,020 SF
glennbrook
3717 148th Street SW | Lynnwood, WA
80 Units
Built in 1988
Average Unit Size: ±798 SF
Executive Highlights
Value-Add Opportunity
Each community offers a straightforward value-add strategy with all units featuring original vintage finishes. An incoming investor can capitalize on rental upside by completing renovations across the rent roll.
Compelling Investment Metrics
The collective portfolio offers attractive return metrics and future upside through implementing a value-add renovation business plan.
Long-Term Pride of Ownership
Each of the properties has been under the same current ownership and management team for 10 to 20 years. Well maintained assets with attention to detail in landscaping, common areas, and unit interiors.
Close Proximity to Major Employment Hubs
Central Snohomish and North King County locations are all within 10 to 30 minutes of downtown Seattle, downtown Bellevue, the Eastside Tech Corridor, and Bothell’s life science employment hub.
Portfolio or Individual Asset Sales
Communities are all located within close proximity of one another and can be purchased together as a 283-unit portfolio offering economies of scale, or individually depending on an incoming investor’s preference.
