Updated Jul 22, 2025
Trinity Property Consultants Acquires 337-Unit Arrive Magnolia In Seattle From Weidner Apartment Homes For $106.5M
3520 27th Place West
$106,500,000
Units
337
Asset Type
MultiFamily
Closing
Jul 21, 2025
About this deal
AI
The asset involved in this transaction is a multi-family property located at 3520 27th Place West, Seattle, WA, with a sale price of $106,500,000. This property consists of 337 units, resulting in a per-unit price of $316,024. The property has undergone renovations and now boasts modern amenities along with extensive facilities such as a pool, gym, and clubhouse.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $106,500,000
- Buyer: Trinity Property Consultants
- Seller: Weidner Apartment Homes
- Units: 337
- Price Per Unit: $316,024
Weidner Apartment Homes previously acquired the property in 2005 for $47,700,000. Trinity Property Consultants completed the transaction through an affiliate, indicating the strategic move to invest in the Seattle market.
On the Map
$106,500,000
MultiFamily
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Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93