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Apartments For Sale • 44,500 SF
| Transit-Oriented Location: Situated adjacent to the Columbia City Link Light Rail Station. |
| Amenity-Rich Neighborhood: Perfect Mix of Amenities and Small-Town Feel Make it a Desirable and Top Performing South Seattle Submarket |
| New Construction: 2025 delivery reduces maintenance costs, insurance risks and near-term capital expenditure requirements. |
| Compelling Basis Play: At $173k/unit, the property presents a rare opportunity to acquire a new construction asset below replacement cost |
| Attractive Yields: This project is 96% leased and projected to achieve a 6.5% cap rate on year one numbers |
| MFTE Property Tax Exemption: The property Participates in the Seattle MFTE Program Providing a Significant Reduction on Operating Cost |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 13 min | - | 4.5 mi |
| 19 min | - | 8.6 mi | |
| Transit/Subway | Drive | Walk | Distance |
| ST Light Rail & Columbia City Station (SB) (LINK to Sea-Tac - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 0 min | 2 min | 0.1 mi |
| Columbia City (Central Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 1 min | 3 min | 0.2 mi |
| ST Light Rail & Columbia City Station (NB) (LINK to Sea-Tac - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 2 min | 3 min | 0.2 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 25 min | - | 10.2 mi |
| Seattle Paine Field International | 43 min | - | 28.0 mi |
Daniel Lim
Lee & Associates Commercial Real Estate Services
Daniel Lim
Lee & Associates Commercial Real Estate Services
