Updated Aug 25, 2025
AvalonBay Communities Sells Archstone Redmond Lakeview Apartments For $63.25 Million In Redmond WA
4250 West Lake Sammamish Pkwy Ne
$63,250,000
Units
166
Asset Type
MultiFamily
Closing
Aug 21, 2025
About this deal
AI
The asset involved in this transaction is Archstone Redmond Lakeview Apartments, a 166-unit garden-style community located at 4250 West Lake Sammamish Pkwy Ne, Redmond, WA. The sale price for this multifamily property was $63,250,000, equating to a per unit price of $381,024.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $63,250,000
- Units: 166
- Address: 4250 West Lake Sammamish Pkwy Ne
- Market: Redmond, WA
- PPU: $381,024
- Seller: AvalonBay Communities
- Broker Representatives: Eli Hanacek, Mark Washington, Kyle Yamamoto & Natalie Kasper - CBRE
CBRE successfully brokered the transaction, with Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper representing the seller, AvalonBay Communities, in the deal for this multifamily property.
On the Map
$63,250,000
MultiFamily
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Players
Redmond 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93