Berkadia Completes Sale of Multifamily Property in Washington

September 10, 2020

Berkadia Completes Sale of Multifamily Property in Washington

September 10, 2020
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SEATTLE – September 11, 2020 – Berkadia today announced the sale of Notch, a 158-unit garden-style multifamily property in Newcastle, 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, an undisclosed entity. The buyer was Chicago-based Equity Residential, and the deal closed on August 26.

“Notch is a very attractive and well-built property in the highly sought-after city of Newcastle.  With its proximity to T-Mobile headquarters and multiple Microsoft and Amazon offices, as well as its natural beauty and excellent demographics, this location is only becoming more desirable to renters and investors alike,” said Sorensen. “We believe the new owner will do very well with this investment now and in the years to come.”

Located at 13800 Newcastle Golf Club Road, Notch features studio, one- and two-bedroom floor plans. Community amenities include a fitness center, a rooftop patio with outdoor seating, bike storage and a game room. The property affords convenient access to Coal Creek, Newcastle Golf Course and the shops along Coal Creek Parkway SE.