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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
Associate Director
253.670.2143
michael.manolides@berkadia.com
INVESTMENT ADVISORS
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
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Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
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turnkey opportunity in
desirable suburb
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Michael Manolides
Associate 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
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
Our team
MORTGAGE BANKING
Address
City, State, Zip
No. Units
Year Built
NRSF
Parking
Total Lot Size
Parcel No.
Zoning
County
16100 Linden Ave N
Shoreline, WA 98133
60
1978
43,396
75 spaces
59,027 SF / 1.36 acres
329370-0095
R48
King
hands-off 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 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
contact
Phone: 206.521.7220
Fax: 206.521.7222
highly desirable
suburb located
just north
of seattle
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/ Junction 160 is a fully renovated mid-rise property on a 1.36-acre parcel; offers tranquil and low-density feel in a transit-centric location
/ Shoreline, WA renowned for its excellent school system and proximity to numerous employment hubs; rental demand to remain healthy with two new light rail stations scheduled to open in 2024
/ Fully turnkey property offers in-unit washers and dryers, stainless steel appliances, balconies, and community amenities unmatched by comparable properties
/ Building comprised of one and two-bed units averaging $210 below market rate; model unit to provide $20K in unrealized rental revenue
/ Junction 160 has been extensively renovated over the past few years, offering new ownership a stabilized and low-maintenance asset
/ Completed unit renovations include stainless steel appliances, hardwood floors, and in-unit washer/dryer; all units feature a balcony and ample storage space
/ Appliances replaced and roof repaired within the last year
/ Community amenities include a rec room, a movie room, bike storage, and ample parking
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/ Opportunity to capitalize on submaket’s explosive rental demand with net move-ins expected to reach record levels by yearend; through 2024, net absorption in the submarket is projected to reach 1,700 units, more than double the historical five-year average
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ New ownership provided guaranteed income stream with ability to raise rents to market rate and increase NOI by 40%
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
turnkey asset in
highly coveted suburb
with light rail access
/ Fully turnkey property offers in-unit washers and dryers, stainless steel appliances, balconies, and community amenities unmatched by comparable properties
Beau krueger
Associate Director
beau.krueger@berkadia.com
artur Otto
Associate Director
artur.otto@berkadia.com
turnkey asset in highly coveted suburb with light rail access
Junction160
hands-off
investment
/ Junction 160 has been extensively renovated over the past few years, offering new ownership a stabilized and low-maintenance asset
/ Completed unit renovations include stainless steel appliances, hardwood floors, and in-unit washer/dryer; all units feature a balcony and ample storage space
/ Appliances replaced and roof repaired within the last year
/ Community amenities include a rec room, a movie room, bike storage, and ample parking
/ New ownership provided guaranteed income stream with ability to raise rents to market rate and increase NOI by 40%
Junction160