Pathfinder Partners Acquires Cedardale Multifamily In Federal Way For $31.1 Million

The property involved in this transaction is Cedardale, a multifamily asset located at 2501 Southwest 336th Street in Federal Way, WA. This 126-unit apartment complex has a sale price of $31.1 million, resulting in a per-unit price of $246,825. The property was constructed in 1981 and features one- and two-bedroom units, accommodating various resident needs and preferences.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,100,000
• Units: 126
• PPU: $246,825
• Buyer: Pathfinder Partners
• Seller: CEP Multifamily
• Broker Representatives: Anthony Palladino, Giovanni Napoli, Nicholas Ruggiero, Philip Assouad & Ryan Harmon - Institutional Property Advisors

This sale of Cedardale was facilitated by Institutional Property Advisors, representing the seller, CEP Multifamily, during the transaction process. The brokers involved played a significant role in connecting the buyer and seller, ensuring a successful closing for this multifamily property in the Federal Way market.