AvalonBay Communities Sells 265-Unit AVA Ballard In Seattle For $105.5 Million

AvalonBay Communities sold a 265-unit apartment complex located at 5555 14th Avenue Northwest in Seattle, WA for $105.5 million, amounting to $398,113 per unit. Developed in 2013, this multifamily property includes studios, one- and two-bedroom units, as well as amenities like a rooftop lounge, fitness center, and ground-floor retail space.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $105,500,000
• Units: 265
• Price Per Unit: $398,113
• Seller: AvalonBay Communities
• Sale Date: 12/13/2024
• Market: Seattle, WA

AvalonBay Communities was the seller in this transaction for the AVA Ballard property, which showcases a modern mixed-use development catering to urban residents. The transaction highlights a significant investment in the Seattle multifamily market, reflecting ongoing demand for high-quality rental housing in the area.