Goodman Real Estate Sells Multifamily Properties Near Seattle For $172 Million With CBRE

Two newly developed multifamily properties located at 12377 137th Place Northeast and 10712 5th Avenue Northeast were sold in the Redmond and Seattle, WA market for a combined price of $172 million. The properties consist of a total of 430 units, resulting in a price per unit of $400,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $172,000,000
• Units: 430
• Price Per Unit: $400,000
• Seller: Goodman Real Estate
• Market: Redmond & Seattle, WA
• Brokers: Eli Hanacek, Kyle Yamamoto & Natalie Kasper - CBRE

CBRE represented Goodman Real Estate in the sale of the properties, while the identities of the buyers remain undisclosed. The transaction reflects a significant investment in the multifamily housing sector in the Seattle area.