GT Capital And Freestone Capital Management Acquire Lock Vista Apartments In Seattle For $43.7M

Lock Vista Apartments is a recently renovated multi-family asset located at 3025 Northwest Market Street in Seattle, WA. The community consists of 192 units, featuring diverse layouts and amenities, and was sold for $43.7 million, which equates to approximately $227,604 per unit. The property underwent over $15 million in upgrades and is situated in a prime walkable location within Seattle’s Ballard neighborhood.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $43,700,000
• Units: 192
• Price Per Unit: $227,604
• Buyer: GT Capital & Freestone Capital Management
• Lender: Freddie Mac
• Mortgage Brokers: Dave Karson & Chris Moyer - Cushman & Wakefield
• Brokerage Firm: Cushman & Wakefield
• Brokers: Dan Chhan, Tim McKay, Matt Kemper, Jacob Odegard, Dylan Roeter & Byron Rosen

Cushman & Wakefield played a key role in brokering the transaction and arranging a $30 million Freddie Mac loan to facilitate the sale. The professionals involved include multiple brokers who contributed their expertise to this significant deal in the Seattle multi-family market.