Pacific Urban Investors Acquires Edgewood Park Multifamily In Bellevue, WA For $68.5M

The transaction involved a multifamily asset located at 1501 145th Place Southeast in Bellevue, WA, specifically Edgewood Park, which comprises 195 units. The property was sold for $68.5 million, resulting in a price per unit of $351,282.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $68,500,000
• Units: 195
• Price Per Unit: $351,282
• Buyer: Pacific Urban Investors
• Seller: Acacia Capital Corp
• Brokers: Ben Johnson, David Sorensen, George Pallis, Peter Dudunakis & Kenny Dudunakis - Berkadia

This deal was facilitated by a team of brokers from Berkadia, with five representatives involved in the transaction, underscoring the collaborative effort in executing the sale between the buyer and seller. The successful transaction showcases the professionalism of the brokerage team in managing the intricacies of a multifamily property deal.