Foothills Apartment Living

Berkadia is pleased to announce it has been retained as the exclusive listing broker for Foothills Apartment Living.

Foothills is a 69-unit, garden-style apartment community constructed in 2022, offering one- and two-bedroom homes averaging 904 square feet. The community features modern interior finishes, stainless steel appliances, hard-surface countertops, and luxury vinyl plank flooring – catering to a high-end tenant demographic, as reflected by the asset’s in-place rents and operations. Situated due west of downtown Sandy, Foothills is nestled between residential homes and open green space, providing residents with a quiet and private lifestyle.

The Sandy market is highly supply-constrained, presenting qualified buyers with the rare opportunity to acquire a newly constructed asset in one of the Pacific Northwest’s highest barrier-to-entry submarkets. Further supporting the investment thesis, Sandy’s active sewer moratorium significantly limits potential for near-term new development.

Foothills represents a compelling opportunity for both local or national investors looking to grow their Secondary Market footprint with the ability to acquire a stabilized asset that provides both durable cash-flow and long-term value preservation – in a market where new competition is structurally constrained.