DEAL OF THE DAY: Washington Apartment Complex Sells for More Than $38 Million
- Jan 16, 2008
Kent, Wash.–Phoenix-based Hendricks & Partners recently facilitated the sale of a 382-unit apartment community in Kent, Wash., for $38,281,300, or $100,213 per unit.Bascom Centrestone Kent, LLC of San Francisco sold The Avante complex to the Longwell Company of Bellevue, Wash. Kenny Dudunakis of the Seattle Hendricks & Partners office negotiated the transaction on behalf of the seller and buyer. The Avante sale is the second property transfer in the past two months from Bascom Northwest to Longwell Company.Constructed in 1978, The Avante consists of 34 two-story residential buildings situated on more than 17 acres. Bascom recently directed a comprehensive upgrade of the amenities, grounds and units that included new paint, extensive landscaping improvements, parking lot resurfacing and new exterior stonework.