SOLD
Glencrest Group Acquires Fern Ridge Multifamily In Olympia, WA For $16.94M
1309 Fern Street Southwest
MultiFamily
Sold 182 days ago
Summary
Sale
WASHINGTON
MultiFamily
Glencrest Group has acquired Fern Ridge, a 99-unit apartment property located at 1309 Fern Street Southwest in Olympia, Washington. The property was sold by Stan Kleweno of Transpacific Investments for a total price of $16.94 million, which equates to $171,111 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,940,000
- Units: 99
- Price Per Unit: $171,111
Mike Bergelson, representing Glencrest Group, and Stan Kleweno, representing Transpacific Investments, were the key individuals involved in the deal. The transaction was facilitated by broker Colliers.
Details
SOLD
IMAGE: Mike Bergelson
DATE: 11/22/2023
ADDRESS: 1309 Fern Street Southwest
MARKET: Olympia, WA
ASSET TYPE: Multifamily
BUYER: Mike Bergelson - Glencrest Group
SELLER: Stan Kleweno - Transpacific Investments
BROKER: Colliers
SALE PRICE: $16,940,000
UNITS: 99 ~ PPU: $171,111
NOTE: Glencrest Group has acquired Fern Ridge, a 99-unit apartment property in Olympia, Washington, for $16.94 million, equivalent to $171,111 per unit.View on map
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Address1309 Fern Street Southwest
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