MG Properties Acquires Dockside Apartments In Kent WA For $95.6 Million With CBRE As Brokers

A multi-family asset, Dockside Apartments, located at 23605 62nd Avenue South in Kent, WA, has been sold for $95.6 million. This community consists of 344 units, which breaks down to a price per unit of $277,907.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $95,600,000
• Units: 344
• Price Per Unit: $277,907
• Buyer: MG Properties
• Brokers: Eli Hanacek, Mark Washington, Kyle Yamamoto & Natalie Kasper - CBRE
• Mortgage Brokers: Troy Tegeler & Trevor Breaux - CBRE
• Market: Kent, WA
• Sale Date: 10/30/2025

MG Properties is expanding its portfolio with this acquisition, being their 11th property in the Seattle area. The transaction was facilitated and financed by CBRE, showcasing their involvement in this significant deal.