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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3909
Seattle, WA 98101
206.521.7220
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brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Investment Advisors
Michael Manolides
Senior Director 253.670.2143 michael.manolides@berkadia.com
Associate Director 253.670.2143 michael.manolides@berkadia.com
Robert Doxsee
Managing Director 425.777.0235 robert.doxsee@berkadia.com
Managing Director 425.777.0235 robert.doxsee@berkadia.com
Mortgage Banking
contact us to learn more
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
year built
1996
Market Cap rate
5.63%
Current Cap Rate
5.16%
total units
9 + 1 Retail Space
List Price
$3.5M
investment highlights
turnkey, well-maintained value-add with upside
Turnkey Opportunity: Well-maintained community comprised of an ideal mix of one- and two-bedroom units averaging 862 square feet.
Commercial Income: The oversized ground-level retail space is fully leased to a commercial tenant on a long-term basis, generating an additional $35,000 annually.
Amenities:
In-unit washers and dryers, private balconies in all units, and vinyl plank flooring in select units.
Unparalleled Access: Incredible location down the street from Northgate Mall redevelopment, including NHL Seattle Headquarters, Interstate 5, and Northgate light rail station.
exclusively offered by berkadia seattle
9 Units + Retail Minutes from Northgate Light Rail Station and NHL Seattle Headquarters
Vista Apartments 1018 NE 112th Street | Seattle, WA 98125
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overview
deal room
deal room
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contact
listings
listings
OVERVIEW
DEAL ROOM
LOCATION
LISTINGS
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CONTACT
Secured garage parking:
12 underground parking spaces provide the property with a significant market advantage and additional income opportunities.
Minimal Deferred Maintenance:
$150k+ spent on renovations and capital expenditures in last two years including three balcony replacements, upgraded signage, five-year fire sprinkler recertification, and complete overhaul of common areas.
Retail Space
Renovated Living Area
Renovated Kitchen
connor lemley
Associate Director 206.455.1592 connor.lemley@berkadia.com
Associate Director 253.670.2143 michael.manolides@berkadia.com
Michael Manolides
Senior Director 253.670.2143 michael.manolides@berkadia.com
Associate Director 253.670.2143 michael.manolides@berkadia.com