Sale Price: $3,196,740
For more information about this property, please contact the listing broker.
Please visit our Listings page to view apartment buildings and development land currently on the market.
Download the Port Orchard Portfolio Case Study at the link below.
Portfolio Sale Summary
The challenge arose when a family, who had owned the portfolio for over 40 years, faced their first commercial transaction. Unfortunately, the passing of the original owner transferred the properties to his three children, who held strong sentimental value in the portfolio and sought a high price. Our team tackled the situation by directly approaching a prominent investor in the Puget Sound Market, leveraging their experience and addressing the uncertainties surrounding the properties. With a personal relationship established early on, we presented an aggressive offer from Timberlane, ensuring price stability throughout the contract. The results were fruitful, as the buyer conducted a thorough tour, exhibited confidence in closing, and maintained transparent communication with both the beneficiaries and the personal representative. The transaction concluded at the contracted price of $8,650,000, showcasing the success of an off-market deal and the portfolio’s first sale in over 40 years.