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Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for The Commons & The Lofts at Innovation Center.
The Commons & The Lofts at Innovation Center offer a tremendous opportunity for investors to achieve positive leverage, with attractive cash on cash returns, while adding immediate scale in one of Washington’s fastest growing secondary markets.
This two-property portfolio will provide investors with a potential value-add execution, ensuring further upside across both assets.
Paired with attractive financing options, acquiring the entire 310-unit community presents a rare opportunity to enter or further expand in the north Richland sub-market.
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2894 Salk Avenue | Richland, WA 99354
The Commons
The Commons
Property Details
Contact us.
Robert Doxsee
Managing director
robert.doxsee@berkadia.com
425.777.0235
Email
Michael manolides
Associate director
michael.manolides@berkadia.com
253.670.2143
Email
MORTGAGE BANKING
George Pallis
george.pallis@berkadia.com
director
206.801.3070
Email
David Sorensen
Managing Director
david.sorensen@berkadia.com
206.801.3102
Email
Ben Johnson
Managing Director
ben.johnson@berkadia.com
206.801.3144
Email
Kenny Dudunakis
kenny.dudunakis@berkadia.com
senior managing director
206.521.7216
Email
INVESTMENT SALES
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
425.230.2565
berkadia.com
berkadia.com/northwest
Bellevue Office
Units
150
BUilt
2017
Avg. SF
634
2895 Pauling Avenue | Richland, WA 99354
THe Lofts
Units
160
BUilt
2013
Avg. SF
844
Address
City, State, Zip
County
Parcel Numbers
Units
Construction Year
Buildings
Site Size/Acreage
Average Unit SF
Average MKT. Rent/Unit
Average MKT. Rent/SF
2894 Salk Avenue
Richland, WA 99354
Benton
123083013487004
150
2017
4
3.83 Acres
634 SF
$1,513
$2.38
The lofts
Address
City, State, Zip
County
Parcel Numbers
Units
Construction Year
Buildings
Site Size/Acreage
Average Unit SF
Average MKT. Rent/Unit
Average MKT. Rent/SF
2895 Pauling Avenue
Richland, WA 99354
Benton
123083013419002
160
2013
5
4.24 Acres
844 SF
$1,611
$1.91
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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 loan brokerage 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 the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://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
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/.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
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1234 Lorem Ipsum Avenue – Washington, DC 10001
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© 2022 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is 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. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004