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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
Associate 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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Steven Chattin
Managing Director
206.521.7224
steven.chattin@berkadia.com
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Near Light Rail Station,
Boeing Renton Factory
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Partial Value-Add Asset Near
Light Rail Station, Boeing Renton Factory
Address
City, State, Zip
Units
Year Built
Total Size
Parcel Nos
Total Lot Size
Zoning
6206 S 153rd St
Tukwila, WA 98188
54
1966
51,490 NRSF
359700-0341, 359700-0346, 359700-0350
3.23 acres
LDR
Partial
Value-Add Asset
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
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Ideal Repositioning Opportunity
Well-maintained, garden-style community featuring 54 spacious one- and two-bedroom units and ample parking; 26 units have been fully renovated, leaving 21 in classic condition and seven partially-renovated
Pivot-Point Location
Minutes from Downtown Renton, home to Boeing’s Renton Factory; quick access to Interstates 405 and 5 for commutes to major employment hubs of Seattle, Kent, and Bellevue
Attractive to Renters
Submarket offers some of the lowest rents in the Seattle MSA; city’s concentration of blue-collar workers makes it ideal for multifamily housing; many amenities available within a quick walk, drive or ride, including South Center Mall
Transit Accessibility
Less than two miles from Tukwila International Blvd. Station with light rail service north to Seattle, Lynnwood, and Everett, or south to Tacoma; quick walk to bus stops along Southcenter Blvd.; SEA International Airport 10 minutes south
Nearby Development
Major League Soccer’s Seattle Sounders is developing 158 acres for the franchise’s main HQ and training space within two miles of Terra; in addition to operation facilities and training, the $1.5B investment will consist of 50,000 square feet of office space and accommodate 3,000 units
Immediate Upside
In-place rents across the board average $290 below market rate; opportunity to increase NOI by $215,450+; capitalize on area demand and complete renovation scope prior to anticipated deliveries coinciding with the Sounders FC Center at Longacres
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Partial Value-Add Asset Near Light Rail Station, Boeing Renton Factory
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
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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
terra
tukwila
terra
tukwila