The buyer assumed an existing loan of $2.8 million at 7.15% fromthe seller, also a local area investor. Marcus & Millichapbrokers David Potarf, Dan Woodward and Tim Shunta represented theseller. Tom Welsh and Jerry Thompson of Coldwell Banker Commercialrepresented the buyer.

"Kenyon Place Apartments has a solid, in-fill location nearSwedish Hospital and Englewood High School," says Shunta, of Marcus& Millichap.

Woodward agrees. "The quality of the asset and the solidlocation were major factors that drove the buyer's interest," saysWoodward.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.