View at the Lake II

Berkadia Seattle is pleased to present the opportunity to acquire View at the Lake II in Federal Way, Washington.

View at the Lake II is a 50-unit multifamily community in Federal Way, Washington built in 1962. The property sits adjacent to the South Sound’s industrial and logistics heartland, giving residents proximity to the Kent Valley’s dense concentration of manufacturing, aerospace, and distribution employment. The region is anchored by Blue Origin’s Kent headquarters and production campus, Boeing’s Auburn fabrication facility, and a deep base of warehouse and logistics operators tied to the Northwest Seaport Alliance’s Seattle-Tacoma gateway.

Like its companion asset, View at the Lake II offers a true blank-canvas value-add opportunity. The property has not undergone a comprehensive renovation, leaving a new owner free to set the scope and pace of a repositioning program from the ground up. With Federal Way having added only one new market-rate multifamily community in the past 30 years, competing renovated supply remains scarce across the South Sound, supporting durable occupancy and a clear runway for NOI growth as units are brought to market standard.