Local Investor Acquires Turnkey Asset in North Seattle
Winslow Place in Fremont, LLC, a northwest based investor, purchased the Winslow Place Apartments this week for $8.5 million. The nearly turnkey, four story, 24-unit building located at 3809 Whitman Ave N is currently 100% occupied, with most units offering views of Downtown Seattle. All of the units have been renovated within the last five years, offering strong investment upside. Colliers International’s Dan Chhan, Tim McKay, Sam Wayne, and Matt Kemper represented the buyers in the sale.
“Winslow Place presented a great investment exchange opportunity for our client,” said Dan Chhan. “With its central location, 100% occupancy and recent renovations, we anticipate this asset providing strong returns in the years to come.”
Winslow Place sits between the popular Fremont and Wallingford Neighborhoods, no more than a 15-minute walk from countless shops and restaurants. The location is well connected to public transportation and provides easy access by foot, bike, or bus to all of Seattle’s major employment hubs.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn. Information about our Seattle metro area operations is available at colliers.com/Seattle.
About McKay, Chhan, Wayne
We have a reputation for going above and beyond for our clients, providing efficient, professional services with an intensity of execution not available anywhere else. We have a solution-driven mindset that is obvious in our analysis, brokerage and marketing efforts. Our capital markets expertise leverages market intelligence, financial acumen and solid partnerships to structure the best deal possible for our clients. We provide full-service solutions to multifamily owners, investors, and developers, including; acquisitions and dispositions, valuation and financial analysis, property management, debt and equity, rehabilitation and repositioning, development feasibility study.
For further information, please contact: