Sale Price: $22,000,000
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.
The sale of Terrace View achieved a remarkable price of $259K per unit, ranking as the second-highest price ever recorded in Burien. The challenge for the ownership group was to secure aggressive pricing and a swift off-market closing before the year’s end. Our team successfully facilitated the transaction by connecting the ownership group with an out-of-state buyer engaged in a 1031 exchange, displaying confidence in the thriving South Puget Sound apartment market. The sale concluded successfully on December 29th, with the buyer unveiling an impressive value-add plan for the property’s future.