BAINBRIDGE ISLAND, WA – Real estate investment and development firm Cairn West has acquired a 114-unit multifamily community on Bainbridge Island in Washington from Sound West Group for $65.5 million.
The asset, BLIS Apartments, offers 107 apartments and seven loft townhomes situated on a 1.42-acre site. Built in 2019, the community features a courtyard terrace, controlled entry access, a fitness center, grilling stations, a rooftop deck, EV charging stations, community spaces and conference room. The units feature laundry rooms, luxury vinyl plank flooring, quartz countertops, USB wall chargers, stainless steel appliances, undermount sinks and walk-in closets.
"We couldn't be more proud of this project, which achieved Gold LEED standard and included the creation of a city park on the adjacent property," states Wes Larson, CEO of Sound West Group. "We are pleased to transfer stewardship to a truly outstanding ownership group and trust they will carry it forward as the premier multifamily community on Bainbridge Island."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
