CHICAGO, SEATTLE and KANSAS CITY, Mo. – April 10, 2020 – Berkadia today announced the sale of Central Pointe, a garden-style multifamily property in Boise, Idaho. Senior Managing Director Kenny Dudunakis and Senior Directors David Sorensen and Ben Johnson of Berkadia’s Seattle office, along with Senior Managing Director Alex Blagojevich of Berkadia’s Chicago office and Senior Director Michael Sullivan of Berkadia’s Kansas City office, completed the sale on behalf of the seller, Colorado-based Monarch Investment and Management Group, and the buyer, an undisclosed entity. The deal closed on March 30, 2020.
“Boise is one of the most sought-after investment markets west of Texas and was supported by the extremely high level of interest during the marketing campaign,” said Johnson. “Central Pointe provided rare opportunity in the Boise market to create scale. As a team we were fortunate to have the chance to work with great buyers, sellers and the local brokerage community.”
Located at 1334 N Liberty St., Central Pointe features one-, two- and three-bedroom floor plans with spacious closets and private balconies and patios. Community amenities include a fitness center, a pool, a playground, a clubhouse, a sundeck, laundry facilities, covered parking, an outdoor area with grilling stations and a dog park. The property affords convenient access to the shops and restaurants along Fairview Avenue.