Berkadia Completes $66.1 Million Sale of Multifamily Property in Washington

February 16, 2022

Berkadia Completes $66.1 Million Sale of Multifamily Property in Washington

February 16, 2022
30153

SEATTLE – February 16, 2022 – Berkadia announced today the sale of Skyview 3322, a 192-unit garden-style multifamily property located in Kent, Washington. Senior Managing Director Kenny Dudunakis, Senior Directors David Sorensen and Ben Johnson and Associate Director George Pallis of Berkadia Seattle completed the $66.1 million sale on behalf of the buyer, California-based ColRich, and the seller, a private Los Angeles owner. The deal closed on January 31.

“Skyview 3322 is a fantastic asset in a burgeoning pocket within South King County,” said Sorensen. “Its unit mix is perfectly suited to the many renters who are seeking larger living spaces in a location with great access to both Interstate 5 and the many employment and entertainment opportunities in central Kent. We strongly believe the new owner will do very well with this investment in the years to come.”

Located at 3322 S 22nd Place, Skyview 3322 features two-bedroom floor plans with in-unit washers and dryers, a fireplace and walk-in closets. Community amenities include a swimming pool, a fitness center, a clubhouse, a business center and a playground. The property affords residents convenient access to Des Moines Beach, Kent Station shopping mall and Interstate 5.