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

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.