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AvalonBay Communities Sells Archstone Redmond Lakeview Apartments For $63.25 Million In Redmond WA

Property Image
SOLD
$63,250,000
Mark Washington
Kyle Yamamoto
Eli Hanacek
+ 1

Washington

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MultiFamily
Sold 08/21/2025
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Property Image
SOLD

AvalonBay Communities Sells Archstone Redmond Lakeview Apartments For $63.25 Million In Redmond WA

4250 West Lake Sammamish Pkwy Ne

See Similar Deals
MultiFamily
Sold 08/21/2025
Mark Washington
Kyle Yamamoto
Eli Hanacek
+ 1
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Eli Hanacek
CBRE
Eli Hanacek
20 deals$1.7B volume
BROKER
Mark Washington
CBRE
Mark Washington
18 deals$1.6B volume
BROKER
Kyle Yamamoto
CBRE
Kyle Yamamoto
20 deals$1.7B volume
BROKER
Natalie Kasper
CBRE
Natalie Kasper
7 deals$572.9M volume
BROKER
CBRE
CBRE
BROKERAGE
AvalonBay Communities
AvalonBay Communities
SELLER

Details

SOLD
IMAGE: 08/21/2025 ADDRESS: 4250 West Lake Sammamish Pkwy Ne MARKET: Redmond, WA ASSET TYPE: MultiFamily SELLER: AvalonBay Communities BROKERS: Eli Hanacek, Mark Washington, Kyle Yamamoto & Natalie Kasper - CBRE SALE PRICE: $63,250,000 UNITS: 166 ~ PPU: $381,024 NOTE: CBRE brokered the $63.25 million sale of Archstone Redmond Lakeview Apartments, a 166-unit garden-style community on Lake Sammamish in Redmond, WA. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented seller AvalonBay in the deal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$224,713.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$299,837.27
Annual Debt Service$3,598,047.22