Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Bainbridge Island Apartment Property Trades for $65.5M
Newmark Executive Managing Director Marty Leith, representing the seller, has completed the sale of BLIS Apartments, a 114-unit multifamily community located on Bainbridge Island, WA. Cairn West purchased the property from SoundWest Group for $65.5 million.
“With easy connectivity to Seattle, Puget Sound and the mountains, BLIS Apartments represents the very best of Pacific Northwest living. This prime location in a supply-constrained submarket led to extensive interest,” said Leith in a news release.
“We couldn’t be more proud of this project which achieved Gold LEED standard, and included the creation of a city park on the adjacent property,” added SoundWest Group CEO Wes Larson.
BLIS Apartments is comprised of 107 apartments and seven loft townhomes. Unit interiors feature vinyl plank flooring, quartz countertops and stainless steel appliances. Community amenities include a courtyard terrace, fitness center, EV charging stations, community spaces and a conference room.
- ◦Sale/Acquisition
