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Terrace View
Sale Price: $22,000,000
For more information about this property, please contact the listing broker.
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Sale Summary
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.
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