Mondivan Group Acquires Multifamily Asset In Seattle, WA For $28.5M

The "passive house" apartment building in Seattle, known as Solis, has been sold for $28.5 million. The property is located at 1300 East Pike Street in Seattle, Washington. This multifamily asset consists of 45 units, with an average price per unit (PPU) of $633,333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,500,000
• Address: 1300 East Pike Street, Seattle, WA
• Market: Seattle, WA
• Buyer: Mondivan Group
• Seller: Solis Seattle LLC
• Brokers: Dan Chhan, Matt Kemper, Sam Wayne & Tim McKay - Cushman & Wakefield
• Units: 45
• Price per Unit (PPU): $633,333

The transaction was facilitated by the Cushman & Wakefield team, led by Managing Director Sam Wayne, along with Tim McKay, Matt Kemper, and Dan Chhan. The buyer, Mondivan Group, is based in Vancouver, British Columbia.