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Listings/Knol Apartments

Knol Apartments

Sale Price: $44,500,000

For more information about this property, please contact the listing broker.

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Sale Summary

Quote

“Coming into this sale we were broadsided by shutdowns associated with the outbreak of COVID-19.  Our pivoting to virtual tours and extremely broad marketing paid-off in a big way for our seller – souring an out-of-state 1031 buyer willing to close quickly and at a premium price.” – Dylan Simon

Sale Details

Sale Date
August 27, 2020
Sale Price
$44,500,000

Building Details

Address
11239 SE 260th St
City, State
Kent, WA
Total Units
215
Year Built
1985
NRSF
146,810 SF
Renovated
2016–2019
Land Size
405,934 SF / 9.32 acres
Zoning
MR-M

Location

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Knol Apartments

11239 SE 260th St
Kent, WA 98030
Units: 215
Price: $44,500,000

About the Area

Kent, located in the center of the Seattle-Tacoma metropolitan area, is the 6th-largest city in Washington State. The Kent Valley is home to one of our region’s largest employment bases, with hundreds of thousands of blue- and grey-collar jobs, and features captivating neighborhoods, award-winning parks, exceptional school districts, and nationally accredited police and fire departments.

  • 1870–1900 Once a major hops producer, in 1889 Kent was named for the County of Kent, a key hops producing region in England.
  • 1900–1930 After the turn of the 20th century the area turned to dairy farming, and was home to a Carnation Condensed Milk plant.
  • 1930–1965 In the 1930s, Kent was known as the Lettuce Capital of the World. The lettuce fields eventually made way for the Boeing Space Center.
  • 1965 Boeing begins building their Space Center in Kent, establishing Kent as the industrial nerve center of the Puget Sound region.
  • 2005 Kent Station opens as a destination amenity for residents. Extensive retail, residential, and office space is anchored by a branch of Green River College, and supported by a transit center.
  • 2009 The ShoWare Center is home to the Seattle Thunderbirds (hockey), Tacoma Stars (soccer), and Seattle Mist (football). The 6,500-seat arena also hosts concerts, shows, and other events.
  • 2010–Future Alaska Airlines, REI, Oberto Sausage Company, and Seattle Bicycle Supply are all headquartered in the Kent Valley, while Amazon, Starbucks, and GE, operate major facilities here.

18

Miles from both Seattle & Tacoma

6th

Largest city in Washington

36

Median Age (3 Mile Radius)

4th

Largest manufacturing & distribution center in the U.S.

3rd

Largest industrial park on the West Coast

73

Parks, trails, play fields & open spaces

Contact Us

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