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Alder Walk
Sold Price: $21,250,000
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Sale Summary
Case Study
Press
Fourth Avenue Capital Acquires 78-Unit Alder Walk Apartments in Puyallup for $21.25MM
Kidder Mathews Sells 78-Unit Alder Walk Apartments in Puyallup Near Tacoma Washington for $21.25M
Kidder Mathews Sells Alder Walk Apartments in Puyallup for $21M
New Pierce County apartment complex sells to Washington investor
Fourth Avenue Capital Snaps Up Seattle-Area Community
Testimonial
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.” – M. Van Damm, Seller
Property Details
Sale Details
Opportunity
HIGHLIGHTS
- EXCELLENT TENANT AMENITIES
- MODERN, HIGH-QUALITY CONSTRUCTION + FINISHES
- LARGE, SPACIOUS ONE- & TWO-BEDROOM UNITS
- IDYLLIC SUBURBAN LOCATION WITH CONVENIENT ACCESS TO URBAN AMENITIES AND A THRIVING INDUSTRIAL EMPLOYMENT HUB
Location
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About the Area
FREDERICKSON IS A RISING RESIDENTIAL HOTSPOT, driven by a thriving industrial sector attracting both businesses and residents seeking a vibrant community with abundant job opportunities and modern amenities.
Frederickson, WA, is a dynamic and rapidly growing suburban community in Pierce County. A key feature of the community is the Frederickson Employment Center, which is the largest designated industrial area in unincorporated Pierce County and designated as a regional Manufacturing and Industrial Center (MIC). This major hub for manufacturing and distribution has seen an explosion in growth in recent years, with over 5.5 million SF of industrial space delivered since 2020, creating thousands of jobs in the process. This period of growth has transformed the area from a quiet, rural community to an active suburban community of over 29,000 people
FREDERICKSON SCHOOL DISTRICT
0.4 Miles
CANYON CROSSING SHOPPING CENTER
1.2 Miles
FREDERICKSON EMPLOYMENT CENTER
1.3 Miles
SUNRISE VILLAGE SHOPPING CENTER
2.8 Miles
JOINT BASE LEWIS-MCCHORD
5 miles
SOUTH HILL MALL
6 Miles
DOWNTOWN TACOMA
15 Miles
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