CEP Multifamily Acquires 165-Unit Multifamily Property In Everett From Trent Development For $49M

The property involved in this transaction is a multi-family asset located at 2701 Rockefeller Avenue in Everett, Washington. It has a sale price of $49,000,000 and consists of 165 units, resulting in a price per unit of $296,970. This eight-story complex was completed in 2022 and provides convenient access to key employers and the Seattle metropolitan area.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $49,000,000
• Units: 165
• Price Per Unit: $296,970
• Buyer: CEP Multifamily
• Seller: Trent Development
• Brokers: David Young & Chris Ross - JLL

JLL facilitated the transaction on behalf of Trent Development, securing the sale of the Nimbus property. The expertise of David Young and Chris Ross contributed to the successful closing of this deal, reflecting their involvement in the multi-family real estate market.