DEAL OF THE DAY: Hendricks & Partners Arranges $16.9M Sale of Washington State Apartment Community
- Jul 15, 2008
By Anuradha Kher, Online News EditorVancouver, Wash.–Hendricks & Partners recently completed the sale of Polo Club, a 200-unit apartment community located at 4820 NE Hazel Dell Avenue in Vancouver, Wash., for $16,900,000.Constructed in 1996, Polo Club features 193,404 rentable square feet with a mix of one-, two- and three-bedroom apartments averaging 967 sq. ft. Community amenities include a pool, fitness center, basketball court, playground and additional storage. Select apartments feature washer/ dryers, fireplaces, patios/balconies and vaulted ceilings.The seller was The Polo Club LLC of Portland, Ore. and the buyer was HIRE I – Arnada Pointe (220) LLC of Vancouver, Wash.Polo Club was 95 percent occupied at closing.