Security Properties Acquires 134-Unit Langara Apartments In Issaquah For $55.1 Million From JB Matteson

The property involved in the transaction is a 134-unit multifamily asset located at 5105 Issaquah-Pine Lake Road Southeast in Issaquah, WA. The sale price for this property was $55,100,000, which translates to $411,194 per unit.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $55,100,000
• Units: 134
• Price Per Unit: $411,194
• Buyer: Security Properties
• Seller: JB Matteson
• Broker: CBRE

Security Properties acquired the Langara Apartments from JB Matteson. This transaction emphasizes the role of CBRE as the broker facilitating the deal.