Document Center
Investment
Contact
Privacy
Terms of Use
Back to Top
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Michael Manolides
Senior Director
253.670.2143
michael.manolides@berkadia.com
INVESTMENT ADVISORS
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
MORTGAGE BANKING
Questions? Get in Touch!
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Visit the Document Center
Prime Turnkey Asset with
near 100% Occupancy
Our Team
View Listings
Document Center
Investment
Contact
Privacy
Terms of Use
33 Newly-Built Units with Immediate Light Rail Access in Transit-Centric Corridor
Address
City, State, Zip
Units
Year Built
Price
Market Cap Rate
Total Size
Parcel No.
Total Lot Size
Zoning
County
2807 S Hanford St
Seattle, WA 98144
33
2023
$5,750,000
6.2%
8,151 NRSF
128230-0440
3,600 SF / 0.08 acres
SM-NR 95 (M)
King
perfect multifamily investment
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
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.
© 2025 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.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
contact
Phone: 206.521.7220
Fax: 206.521.7222
Privacy | Terms of Use
LINK 7
Map
Map
Property
The Opportunity
Contact
Document Center
MENU
/ Recently built, new construction located in South Seattle within a frequent transit corridor
/ Near 100% occupancy, Hanford Studios has recently completed initial lease-up; proven rental upside in place with recent new leases achieving and exceeding market rate
/ Attractive price per unit basis at just over $170k per unit for 2023 construction
/ Built-in high returns for new ownership through stabilization by bringing all units to market rent and operating at market rate expenses
/ Hanford Studios ideal location in Seattle’s iconic Central District is anchored by accessible transit, restaurants, nightlife, and retail stores
/ Thoughtfully-designed, the property attracts young, working professionals and students seeking lower-rental options near employment sectors while offering ownership high market rents per square foot
/ Property’s central location will support consistent future rental demand with 76% of residents employed in white-collar positions
/ The building consists of 6 floors with ground-level outdoor amenity space, shared laundry facilities, bicycle storage, and a lobby
Privacy | Terms of Use
LINK 7
Map
Map
Property
The Opportunity
Contact
Document Center
MENU
/ Immediate proximity to Mount Baker Light Rail Station within 2 blocks; multiple bus routes to Downtown Seattle and Renton within 4-minute walk or less
33 Newly-Built Units with Immediate Light
Rail Access in Transit-Centric Corridor
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ Immediate proximity to Mount Baker Light Rail Station within 2 blocks; multiple bus routes to Downtown Seattle and Renton within 4-minute walk or less
/ Building comprised of 33 studios averaging 247 SF with ground-level lounge, outdoor amenity space, and common laundry facilities
/ In-unit amenities include granite countertops, stainless steel appliances, vinyl flooring, and vaulted ceilings
/ Building comprised of 33 studios averaging 247 SF with ground-level lounge, outdoor amenity space, and common laundry facilities
Michael Manolides
Senior Director
253.670.2143
michael.manolides@berkadia.com
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
Chad Blenz
Senior Director
206.491.3826
chad.blenz@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
INVESTMENT ADVISORS
MORTGAGE BANKING
Our team
Back to Top
View Listings
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 loan brokerage business in Nevada.
© 2023 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 the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
contact
Phone: 206.521.7220
Fax: 206.521.7222
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
/ Robust renter pool within one-mile radius (43% of housing units are renter occupied)
/ Robust renter pool within one-mile radius (43% of housing units are renter occupied)
/ Considered Very Walkable with Excellent Transit Scores of 82 and 70, respectively
/ Considered Very Walkable with Excellent Transit Scores of 82 and 70, respectively