Jackson Square Properties Acquires 179-Unit Multifamily Property In DuPont WA For $48M

The transaction involves the 179-unit multifamily asset known as Trax at DuPont Station, located at 1430 Wilmington Drive in DuPont, WA, which was sold for $48 million. The purchase price reflects a per unit price of $268,156.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,000,000
• Units: 179
• Buyer: Jackson Square Properties
• Seller: Security Properties & Reinsurance Group of America
• Broker: CBRE

Jackson Square Properties is the acquiring party in this transaction, securing the property from Security Properties and an affiliate of RGA. CBRE acted as the broker facilitating this deal.