Colliers has closed the sale of the Fern Ridge apartment complex located at 1309 Fern Street SW in Olympia, Washington. Built in 1994, Fern Ridge is a 99-unit property with one-, two- and three-bedroom layouts, averaging around 775 square feet per unit.
The Colliers PNW team, consisting of Casey Winkler, Sean Worl, and Ken Verbeck, represented both the seller, Transpacific Investments, and the buyer, Glencrest Group. “This transaction represents a resurgence of compelling value-add multifamily investment opportunities amid capital market volatility and rising interest rates,” said Worl.
Fern Ridge is conveniently located near a variety of shopping, dining, and entertainment destinations, such as the Capital Mall. The property is also within a ten-minute drive of the Washington State Capitol building.
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
Read MoreConnect CREColliers has closed the sale of the Fern Ridge apartment complex located at 1309 Fern Street SW in Olympia, Washington. Built in 1994, Fern Ridge is a 99-unit property with one-, two- and three-bedroom layouts, averaging around 775 square feet per unit. The Colliers PNW team, consisting of Casey Winkler, Sean Worl, and Ken Verbeck, …
The post Colliers Completes $17M Sale of Olympia MF Community appeared first on Connect CRE.