sold

Alder Walk

Unveiling Potential in the Emerging Market of Fredrickson

  • Sparked significant buyer interest in a lesser-known Seattle suburb.
  • Held 11 property tours and received 11 competitive offers, showcasing strong market demand and engagement.
  • Negotiated multiple rounds of bidding and secured a committed buyer who closed within 60 days.

Executive Summary

THE CHALLENGE

In the emerging market of Fredrickson, with limited transactions, our task was to craft a compelling marketing narrative highlighting the potential growth and upside that had yet to be realized. Many prospective buyers couldn’t point out Fredrickson on a map, let alone Puyallup.

WHAT WE DID

We crafted a targeted marketing campaign spotlighting the meticulous craftsmanship of Alder Walk, emphasizing its custom home-like finishes, clubhouse amenities, and overall architectural design. Concurrently, we underscored the area’s growing industrial sector, showcasing over 5 million square feet of recently delivered or pending industrial space, 70% of which was already pre-leased. This narrative particularly resonated with local buyers who shared our vision and possessed the operational scale to manage Alder Walk effectively.

THE RESULT

Our efforts resulted in 11 property tours and the receipt of 11 competitive offers. Ultimately, we secured a local buyer with a long-term investment horizon. They demonstrated their commitment by making a significant earnest money deposit upfront, leading to a mutually agreed-upon purchase and sale agreement, closing within just 60 days.

This case study exemplifies our ability to identify and capitalize on emerging market opportunities, effectively communicate property value, and secure optimal outcomes for our clients in a competitive real estate landscape.

Site Details

Address
7722 176th St E Puyallup, WA 98375
Units
78
Sale Price
$21,250,000
Price Per Unit
$272,400
Cap Rate
5.2%

Dylan Simon and his team did a remarkable job selling Alder Walk Apartments for us. We achieved a price above expectations and attribute this result to the exceptional market process they ran, as well as expert negotiations on our behalf. We’d absolutely recommend Dylan and his team to any apartment owner.

Seller

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