Timberlane Partners & Stars REI Acquire Wilcox Apartment Building In Seattle For $45.2M

The Wilcox apartment building, located at 2003 Northwest 57th Street in Seattle's Ballard neighborhood, has been sold in a closed transaction. The property is a multifamily asset comprised of 132 units with a total square footage of 144,000. The sale price for this transaction was $45,200,000, resulting in a price per unit of $342,424 and a price per square foot of $314.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $45,200,000
• Units: 132
• Price per Unit: $342,424
• Square Footage: 144,000
• Price per Square Foot: $314

The property was acquired by a joint venture between Timberlane Partners' acquisition fund TAF and Stars REI of Santiago, Chile. John Chaffetz, representing Timberlane Partners, and Chris Ross, Corey Marx, David Young, Jordan Louie, Michael Lyford & Reed Curtis from JLL served as the brokers for this transaction.

Please note that the Wilcox apartment building in Seattle's Ballard neighborhood was sold for $45.2 million by a joint venture between Timberlane Partners' acquisition fund TAF and Stars REI of Santiago, Chile.