Grosvenor Sells 300-Unit Union Park Apartment Complex In Seattle For $27.92M

The property involved in this transaction is a multifamily asset known as the Union Park apartment complex, located at 1310 Minor Avenue in Seattle, WA. The sale concluded at a price of $27,920,000, translating to approximately $93,067 per unit for the 300 units that comprise the complex.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,920,000
• Units: 300
• Price Per Unit: $93,067
• Seller: Grosvenor
• Broker: Kidder Matthews

The transaction was facilitated by Kidder Matthews representing Grosvenor in the sale to a Spokane-based investor group. This deal indicates activity in the Seattle multifamily market, highlighting investor interest in established residential properties.