SEATTLE – February 10, 2020 – Berkadia today announced the sale of Sunset View, a 240-unit garden-style multifamily property in Renton, Washington. Senior Managing Director Kenny Dudunakis and Senior Directors David Sorensen and Ben Johnson of Berkadia’s Seattle office completed the sale on behalf of the seller, Washington-based Meter Properties. The deal closed on January 30, 2020.
“The multifamily market in and around the Seattle MSA continues to see new heights as it relates to both rent levels and values,” said Johnson. “With the strong fundamentals we are seeing, our team anticipates continued activity that will be supported by existing owners and new equity seeking opportunities in our market. There is more money than deals.”
Located at 2101 SW Sunset Blvd., Sunset View features one-, two- and three-bedroom floor plans with spacious closets, private balconies and patios and in-unit washers and dryers. Community amenities include a fitness center, a pool, a playground, a clubhouse, covered parking, an outdoor lounge with grilling stations and a dog park. The property affords convenient access to Interstate 405, Seattle-Tacoma Airport, Westfield Southcenter shopping mall and the downtown Renton area.