Opportunity
Luxury Asset with Commercial Income & Underground Parking in Seattle’s Tech Hub
Stream Dexios delivers sustainable, modern living in South Lake Union, Seattle’s premier technology hub. Thoughtfully curated amenities prioritize resident convenience and comfort, featuring a rooftop deck with community gardens and recreational spaces, a fully equipped fitness center, comprehensive storage and bike facilities, and secure package delivery systems. The property showcases diverse floor plans including studios, two-bedroom residences, and unique lofted one- and two-bedroom apartments, many with private rooftop access, ensuring an ideal layout for every preference and stage of life.
Stream Dexios positions residents minutes from Amazon, Apple, Meta, and Google headquarters, plus major healthcare, biotech, and life science employers. Seamless I-5 access connects residents to Seattle’s vibrant neighborhoods, making it the perfect starting point for any commute or city adventure. South Lake Union houses over 560 workplace establishments across 220 office buildings, encompassing 15.7 million square feet of office and lab space with 1.4 million additional square feet under construction. This pedestrian-friendly district combines thriving business community dynamics with exceptional quality of life, making Stream Dexios the premier choice for professionals seeking to live at Seattle’s innovation epicenter.
Stream Dexios dominates multiple competitive areas within the submarket. The property generates over $90,000 annually from 51 secured garage parking spaces, ranking among only four modern-vintage (2015+) properties within a half-mile radius achieving 0.50/unit parking ratios or greater. Two ground-level commercial spaces averaging 548 square feet each house tenants with leases running through May 2028, generating over $30,000 in annual commercial income. An additional 2,094 square feet of retail space is currently being converted into two separate live/work units, with market rents for those units projected at 93% premiums over existing commercial tenants. Investors can assume existing favorable debt featuring a 4.54% fixed rate maturing June 2031, enabling flexible financing strategies. The 12-Year MFTE Program participation diversifies tenant profiles while limiting property tax liabilities through 2032.
Strategic Urban Connectivity
A Walk Score of 82 (Very Walkable) puts residents steps from Amazon, Virginia Mason Medical Center, Fred Hutch Cancer Center, Meta, Apple, and Google; Interstate 5, Highway 99, and bus route 11 connect residents to 12 nearby neighborhoods and Downtown Seattle’s 336,900 jobs.
Unrivaled Unit Mix
Stream Dexios is comprised of 82 residential units and two fully occupied commercial suites, including two brand-new live/work units undergoing conversion from ground-level retail; the property features a blend of studio, one-, and two-bedroom floorplans with varying layouts, including six lofted penthouse units (four 1-bedrooms, two 2-bedrooms) that expand tenant options and rental upside.
Rooftop Community Garden & Terrace
The panoramic rooftop terrace overlooks South Lake Union and features a curated community garden that is professionally managed and able to be harvested by tenants for free.
Exceptional Rent Growth
The property outperforms market averages with nearly 10% rent growth on lease trade-outs and 5% increases on renewals over recent months; since 2021, submarket rents have surged 20.84%, demonstrating the asset’s strong positioning in this growth corridor.
Sustainably Built
Completed in 2020 with Built Green 4-Star Certification, Stream Dexios features superior-quality modern construction and energy systems reducing usage 20% below state standards, ensuring lower operational costs and strong tenant appeal.
Luxury Resident Features
Residences include private balconies, smart home technology, stainless steel appliances, in-unit washers and dryers, vinyl plank flooring, quartz countertops, built-in shelving, and expansive windows; 51 secured underground parking spaces generate over $90,000 annually in additional revenue.
Existing Assumable Debt
Assumable debt of approximately $20.75M carries nearly six years remaining at a 4.54% fixed rate.
Additional Tax Savings
Participating in Seattle’s 12-Year MFTE Program will result in property tax savings of over $300K annually, creating over $1.7M in Net Present Value.
Affluent Renter Base
Within two miles, residents average $146,602 in household income and an overall median income of $117,276, indicating a stable, high-earning, well-educated tenant demographic.
Property Overview
Stream Dexios
- ADDRESS
- CITY, STATE ZIP
- UNITS
- AVG. UNT SIZE
- YEAR BUILT
- Building Size
- Stories
- Parking
- PARCEL
- LOT SIZE
- ZONING
- COUNTY
Unit Mix
Type
SF
SF
Rent
Rent
Total Units
*Existing commercial suite to be converted into two live/work units prior to closing
Amenities
Community Amenities
- Built Green 4-Star Certified
- Passive Cooling Designs
- Low-Flow Water Fixtures
- Elevator Access
- 24-Hour Controlled Access with Key Fob Entry
- Onsite Property Management and Maintenance
- EV Charging Stations
- Rooftop Terrace with BBQ Facilities
- Fitness Center
- Package Lockers
- Recycling Services
- Panoramic Skyline Views
- Secured Garage Parking
- Dero Bicycle Storage Lockers
Unit Amenities
- Vinyl Plank Flooring
- In-Unit Washer & Dryer
- Energy-Star Stainless Steel Appliances
- Private Patios
- Key Fob Entry & Smart Home Devices
- Built-In Storage & Office Workstations
- Kitchen Islands
- Quartz Countertops
- Tile Backsplashes
- Range & Garbage Disposal
- Modern Fixtures & Lighting
- Window Coverings & Sliding Glass Doors
- Floor-to-Ceiling Windows
PHOTO GALLERY
LOCATION

Contact us
INVESTMENT SALES
Mitchell Belcher
Managing Director
425.891.9594
[email protected]
Steven Chattin
Managing Director
425.269.3826
[email protected]
Jay Timpani
Managing Director
206.999.3206
[email protected]
Chad Blenz
Senior Director
206.491.2008
[email protected]
Brandon Lawler
Senior Director
206.484.8114
[email protected]
mortgage banking
Robert Doxsee
Managing Director
425.777.0235
[email protected]
Michael Manolides
Senior Director
253.670.2143
[email protected]
Connor Lemley
Associate Director
206.455.1592
[email protected]
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3720
Seattle, WA 98101
206.521.7220
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.












