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Seattle Urban MF Development Site Sold
A roughly 17,850-square-foot multifamily development site in Seattle sold for $2.5 million. The buyer was Seattle-based Epic Asset Management, which is planning to build a seven-story building with 128 apartment units at 12337 and 12345 30th Ave. NE.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, handled the deal. Ryan Dinius, Philip Assouad, Sidney Warsinske, and Giovanni Napoli represented the seller and procured the buyer.
Dinius says, “This is an excellent opportunity for the buyer to develop a site with great walkability and transportation options for access to the region’s major employers. From this location, commuters can drive around Lake Washington to get to work instead of taking the 520 Bridge.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


