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Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
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21 Spacious Units
with Luxury Amenities in
Highly Affluent Bothell, WA
Address
City, State, Zip
Units
Year Built
Parcel No.
Total Lot Size
Zoning
County
1419 183rd St SE
Bothell, WA 98012
21
2019
270518-001-023-00
1 acre
MR
Snohomish
Highly Affluent &
Expanding Submarket
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
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Spacious Units in Thriving, A+ Area
21 one-, two-, and three-bed units averaging 1,138 square feet situated in the highly affluent city of Bothell, WA, known for its dynamic economy, led by the biomed and biotech, telecommunications, and tech industries
Incredible Access
Under three miles from Canyon Park Business Center and within 15 minutes of Bothell’s additional major business parks, which combined comprise the Bothell Technology Corridor; two miles from Mill Creek’s urban center; less than four miles from the future Ash Way Light Rail Station scheduled for service in 2037
Competitive Advantages
Above-average sized units with luxury amenities including air conditioning, in-unit washer and dryer, picture windows, open floorplan, and attached garage and storage options provide a significant edge over properties nearby
Ideal Mix with Tremendous Upside
10% one-bed/one-bath, 52% two-bed/two-bath, and 38% three-bed/two-bath units, all with rents significantly below market-rate; further average monthly premium of $2,350 achievable upon lease of current property management unit
/ Bothell home to the “Bothell Technology Corridor,” a group of business parks that house major technology companies
/ One of the most affluent cities within the Seattle MSA; average effective rent was $2,331 per month in 3Q23, about 5% higher than the metro average
/ Over the long term, multiple factors are expected to support apartment demand in the submarket
/ Bothell’s population is forecast to grow 7.2% from 2023 to 2028, reaching nearly 45,500 residents
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21 Spacious Units with Luxury Amenities in Highly Affluent Bothell, WA
Long-Term Rental Demand
Submarket home to notable employers including Alphabet Inc., T-Mobile USA Inc., and SeaGen, recently purchased by Pfizer; lower rents than in the Seattle urban core, Bellevue, and Redmond make the area an attractive alternative
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
1419 183rd St SE
Bothell, WA 98012
Parcel
Total Lot size
zoning
county
270518-001-023-00
1 Acre
MR
Snohomish
Incredible Access
Under three miles from Canyon Park Business Center and within 15 minutes of Bothell’s additional major business parks, which combined comprise the Bothell Technology Corridor; two miles from Mill Creek’s urban center; less than four miles from the future Ash Way Light Rail Station scheduled for service in 2037
Ideal Mix with Tremendous Upside
10% one-bed/one-bath, 52% two-bed/two-bath, and 38% three-bed/two-bath units, all with rents significantly below market-rate; further average monthly premium of $2,350 achievable upon lease of current property management unit
Competitive Advantages
Above-average sized units with luxury amenities including air conditioning, in-unit washer and dryer, picture windows, open floorplan, and attached garage and storage options provide a significant edge over properties nearby
Long-Term Rental Demand
Submarket home to notable employers including Alphabet Inc.,
T-Mobile USA Inc., and SeaGen, recently purchased by Pfizer; lower rents than in the Seattle urban core, Bellevue, and Redmond make the area an attractive alternative
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
Artur Otto
Associate Director
artur.otto@berkadia.com
Beau Krueger
Associate Director
beau.krueger@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
Chad Blenz
Senior Director
206.491.2008
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
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
artur Otto
Associate Director
artur.otto@berkadia.com
Beau krueger
Associate Director
beau.krueger@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@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
Units
21
built
2019
/ RealPage projects positive annual net apartment absorption in the submarket each year through 2027
/ RealPage projects positive annual net apartment absorption in the submarket each year through 2027
/ 5-year projected net in-migration of 102,300 new residents in the Seattle MSA will underpin apartment demand
/ 5-year projected net in-migration of 102,300 new residents in the Seattle MSA will underpin apartment demand
North Creek
Landing