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Seattle & Northwest  + Seattle  + Apartments  |  April 25, 2024
Jasmine Kilman
By: Jasmine Kilman

Cushman & Wakefield Brokers Sale of MF in Seattle Retail Hub

Cushman & Wakefield has arranged the sale of the James Bon Apartments, a freestanding three-story multifamily building plus basement located in the urban hub of 85th and Greenwood in north central Seattle.

Located at 8541 Phinney Ave N in the Phinney Ridge neighborhood, the property sold for $3.1 million or $258,000 per unit and $375 per net rentable square feet.

The buyer is a local apartment operator, and the seller is a local family investor who acquired the asset over ten years ago. Cushman & Wakefield’s Jacob Odegard, Dan Chhan, Tim McKay, Dylan Roeter, and Matt Kemper represented both parties in the sale.

Originally constructed nearly 45 years ago, James Bon has had modern improvements made over the last several years. Several units now feature contemporary finishes and design elements. “The property also boasts an oversized 11,538-square-foot lot providing abundant parking plus the potential to develop additional housing units,” said Odegard.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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