Berkadia Completes $35.5 Million Sale of Multifamily Property in Washington
SEATTLE – January 25, 2022 – Berkadia announced today the sale of SeaGlass Village, a 182-unit garden-style multifamily housing property located in Bremerton, Washington. Senior Managing Director Kenny Dudunakis, Senior Directors David Sorensen and Ben Johnson and Associate Director George Pallis of Berkadia Seattle Investment Sales completed the $35.5 million sale on behalf of the seller, California-based New Standard Equities. The buyer was Washington-based Ethos Property Group LLC, and the deal closed on December 30, 2021.
“SeaGlass Village is one of the most unique properties in the Pacific Northwest,” said Johnson. “The incredible setting overlooking the Puget Sound is truly one of a kind.”
Located at 1619 Wheaton Way, SeaGlass Village features one-, two- and three-bedroom floor plans with walk-in closets and patios. Community amenities include a fitness center and laundry facilities. The property affords residents convenient access to Olympic National Park and Forest, St. Michael Medical Center and Route 303.