Apartment, Townhome Complex in Sammamish Trades Hands
CBRE arranged the sale of Boulder Creek, a 204-unit multifamily community in Sammamish, Washington.
Eli Hanacek, Kyle Yamamoto and Natalie Kasper with CBRE’s Pacific Northwest Multifamily team represented the seller, Nuveen, in the transaction. The buyer was not disclosed.
“Multifamily communities of this quality rarely come available in Sammamish, particularly assets that combine large floor plans, townhome product and long-term upside,” said Hanacek. “The depth of the bidding on Boulder Creek shows how much capital is targeting well-located Eastside housing with scale, strong demographics and a clear path to add value.”
Located at 4425 Issaquah-Pine Lake Rd. SE, Boulder Creek consists of 204 apartment and townhome units built in 2002. The property spans approximately 33.7 acres and features a range of one-, two- and three-bedroom floor plans, including townhomes with attached garages.
The community is situated within the Sammamish and Issaquah corridor and benefits from strong surrounding demographics, providing access to major employment centers, including Bellevue, Redmond and Seattle.
Other News
29th Street Trades Aurora Apartment Community for $72.5M
29th Street Capital sold the Peakline at Copperleaf apartments for $72.5 million, a significant dip from the price the company paid for the property four years ago. The company paid $104 million from the development iin 2022. Multifamily News reports that the Michelson Organization acquired the property with the help of a $30.6 million five-year...
Learn more
Embrey to Raze Alamo Heights Rental Units, to Build 296 New Ones
The Alamo Heights City Council has agreed to Embrey’s plan to tear down the 105-unit Treehouse Apartments and replace them with a five-story project called Grove Place. The project, which will have nearly 300 units, will also include a fitness center, clubhouse and other resort-style amenities. The San Antonio Business Journal reports that Ridgemont Properties...
Learn more
Inland Secures $112M for Chicagoland Senior Housing Portfolio
JLL has arranged $112 million in acquisition financing from a regional bank for the purchase of a two-property portfolio of independent living, assisted living and memory care communities totaling 330 units in the Chicago area. JLL placed the financing on behalf of an affiliate of The Inland Real Estate Group, LLC. The JLL Seniors Housing...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout