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Seattle & Northwest  + Seattle  + Student Housing  | 
Fully Leased Sora Points to Strong Student Housing Demand

Fully Leased Sora Points to Strong Student Housing Demand

Kamiak Real Estate Partners recently sold its recently completed Sora Apartments in Seattle for $16 million to AEKP Real Estate LLC, a Washington-based limited liability company. The transaction reflected a price per square foot of $1,020 and a price per unit of $296,296.

Located at 4239 8th Ave. NE in Seattle’s University District neighborhood, the seven-story 15,682-square-foot multifamily residential features 54 studio and one-bedroom units averaging 290 square feet. This represents Kamiak’s second sale in the University District in the past five years.

“The Sora Apartments was 90 percent pre-leased prior to completion and 100 percent leased prior to fall quarter, supporting strong student housing demand in the University District. We look forward to delivering more projects in the region and expanding our pipeline of transit-oriented multifamily investments,” said Manuel Garibay, Kamiak founding partner.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition