sold

Listings/Terrace View

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.

Property Details

Address
231 S 177th Pl
City, State
Burien, WA
Units
85
Year Built
1985
NRSF
69,351

Sale Details

Sale Date
December 28, 2021
Sale Price
$22,000,000

Location

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Terrace View

231 S 177th Pl
Burien, WA 98148
Units: 85
Price: $22,000,000

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