Anchor House Apartments LLC Acquires Seattle Multifamily Property From Casal Real Property LLC For $6.75M

The transaction involved the sale of Anchor House Apartments, a multifamily asset comprising 18 units located at 2714 Fairview Avenue East in Seattle, WA. The total transaction price was $6,750,000, resulting in a price per unit of $375,000. The property is positioned waterfront on Lake Union within Seattle’s Eastlake neighborhood.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,750,000
• Address: 2714 Fairview Avenue East
• Market: Seattle, WA
• Units: 18
• Price Per Unit: $375,000
• Buyer: Anchor House Apartments, LLC
• Seller: Casal Real Property, LLC
• Brokers: Dylan Simon, Jerrid Anderson, Matt Laird & Jack Shephard - Kidder Mathews

The deal was facilitated by Kidder Mathews’ Simon | Anderson Multifamily Team, which brokered the off-market sale of the property. The transaction highlights the involvement of seasoned brokers in navigating the complexities of multifamily real estate transactions in the Seattle area.