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deal room
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exclusively offered by berkadia seattle
repositioning opportunitywith 13 units
Cascade View113-115 W Casino Rd | Everett, WA 98204
highlights
$3M
List Price
total units
13
year built
2001
zoning
UR4
AVG Unit Size
938 SF
investmenthighlights
Ideal repositioning opportunity in Everett with immediate access to the area’s largest employers, retail amenities, and planned light rail station
Professionally managed with 13 two-bedroom units and ample surface parking; open floorplans with ample storage and in-unit washer/dryer
All units are in primarily classic condition with in-place rents below market rate; rental premiums up to $415 per unit achievable post repositioning
3 miles and under from the Boeing Everett Production Facility with 30,000+ employees, Amazon and Funko distribution centers,among others
Half-mile from planned Evergreen Light Rail Station for Sound Transit’s Everett Link Extension with service beginning in 2037
48% of housing units in Everett are renter-occupied; Everett to see positive leasing trends continue into next year given multiple significant developments underway; city’s concentrationof blue-collar workers makes it ideal for multifamily housing
Rental premiums up to $415 per unit achievable post repositioning
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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
Privacy
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overview
deal room
contact
listings
avg unit size
938 SF
year built
2001
zoning
UR4
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.
Primary contact
Chad Blenz
email
Call
contact us to learn more
brandon lawler
Senior Director206.484.8114brandon.lawler@berkadia.com
Senior Director206.484.8114brandon.lawler@berkadia.com
chad blenz
Senior Director206.491.2008chad.blenz@berkadia.com
Senior Director206.491.2008chad.blenz@berkadia.com
jay timpani
Managing Director206.999.3206jay.timpani@berkadia.com
Managing Director206.999.3206jay.timpani@berkadia.com
Steven chattin
Managing Director425.269.3826steven.chattin@berkadia.com
Managing Director425.269.3826steven.chattin@berkadia.com
Mitchell Belcher
Managing Director425.891.9594mitchell.belcher@berkadia.com
Managing Director425.891.9594mitchell.belcher@berkadia.com
Capitalize on area demand and complete renovation scope prior to anticipated deliveries coinciding with light rail expansion
Primary contact
Chad Blenz
email
Call
Capitalize on area demand and complete
renovation scope prior to anticipated deliveries coinciding with light rail expansion
contact us to learn more
brandon lawler
Senior Director206.484.8114brandon.lawler@berkadia.com
chad blenz
Senior Director206.491.2008chad.blenz@berkadia.com
jay timpani
Managing Director206.999.3206jay.timpani@berkadia.com
Steven chattin
Managing Director425.269.3826steven.chattin@berkadia.com
Mitchell Belcher
Managing Director425.891.9594mitchell.belcher@berkadia.com