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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
Beau Krueger
Associate Director
beau.krueger@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
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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
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Strong Submarket Fundamentals with Robust Economic Growth in a Thriving Rental Market
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
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Turnkey Asset With Substantial Upside Potential
Built in 2024 by Brixx Development and recently stabilized, new ownership can enhance revenue streams through increased RUBS implementation, parking, and storage income.
Meticulous and Modern Design
Offering options from studios to two-bedroom units, Summit Vista features stainless steel appliances, luxury vinyl plank flooring, vaulted ceilings, in-unit washers and dryers, private patios, and either air conditioning or exhaust ports in all units.
First-Class Community Amenities
The expansive community provides premier amenities, including a fitness center, playground, tennis and pickleball courts, a community lounge with a business center, an outdoor patio with barbecues, package lockers, and carports. These top-tier amenities are a competitive advantage for setting market rents.
Strong Market Fundamentals
The Bremerton market has seen a 170-basis point increase in occupancy over the past year, with rent growth (6.6%) significantly outpacing Seattle’s metro average (2%). Additional upside can be achieved by continually increasing units to market rates by an average of 6%.
Economic Stability
Bremerton’s economy is bolstered by military jobs, making it less susceptible to market volatility and economic headwinds. Naval Base Kitsap contributes $4.1 billion annually to the local economy and supports over 36,900 direct jobs.
Limited New Supply
Rental demand is strengthened by the naval shipyard and commuters drawn to the market’s new apartment inventory, offering quick access to major employers in downtown Seattle via a ferry ride. After a period of peak supply, only 58 units are under construction in the South Kitsap submarket.
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119-Unit New Construction Community Located in Port Orchard
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Artur Otto
Associate Director
artur.otto@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
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
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
Newly constructed in 2024, Summit Vista combines luxury living and modern design in a tranquil, low-density environment. This thoughtfully designed 119-unit community offers breathtaking views of the Olympic Mountains and prioritizes connectivity and community. It provides residents with a serene lifestyle and direct access to everyday conveniences, major employers, and surrounding nature.
Located in Port Orchard, Summit Vista is just a short ferry ride away from downtown Seattle and its key employers. The local economy thrives on a diverse array of sectors, including government, tourism, aerospace, and healthcare industries. At Summit Vista, residents enjoy opulent living with top-of-the-line amenities, such as a fitness center, pickleball courts, a community lounge, an outdoor patio, carports, and more. The community provides a unit mix ranging from studios to two-bedroom apartments, each combining modern design with luxury features like stainless steel appliances, in-unit laundry, and private patios.
Recently stabilized with a 96% occupancy rate, the property benefits from the aging inventory in the surrounding submarket. This presents a unique opportunity to acquire Summit Vista at a discount to replacement cost, with built-in equity as market conditions improve and property values appreciate, making it an exceptional investment opportunity.
PEAK 88
Unit Mix
Address
City, State, Zip
Year Built
Units
Number of Buildings
Stories
Average Unit Size
NRSF
Parking
Lot Size
Parcel Number
1410 Wendell Ave SE
Port Orchard, WA 98366
2024
119
7 + Clubhouse
4
815
97,040
208 spaces including 75 carports
262,231 SF / 6.06 acres
4598-005-017-0307
Unit Mix
119-Unit New Construction Community Located in Port Orchard
Ben Johnson
Managing Director
206.801.3144
ben.johnson@berkadia.com
David sorensen
Managing Director
206.801.3102
david.sorensen@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
ben johnson
Managing Director
206.801.3144
ben.johnson@berkadia.com