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Listings/UW Studio Portfolio

UW Studio Portfolio

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To schedule a tour, contact Jerrid Anderson:

e jerrid.anderson@kidder.com

p 206.499.8191

Executive Summary

The UW Studio Portfolio is a five-building, 201-studio-unit apartment portfolio catering to students living off campus at the University of Washington in Seattle’s University District:

Cantor — 4754 18th Ave NE, Seattle, WA 98105

Juno — 4742 20th Ave NE, Seattle, WA 98105

Aubrey — 4730 20th Ave NE, Seattle, WA 98105

Sophie — 4743 21st Ave NE, Seattle, WA 98105

Alta — 4735 21st Ave NE, Seattle, WA 98105

This offering provides buyers the opportunity to purchase the property free and clear of existing debt. This portfolio offering is priced at $31,000,000. Properties may be purchased as a portfolio or individually.

Offering Details

Portfolio Pricing
$31,000,000
Financing Debt
Offered free and clear

Portfolio Overview

Location
University District | Seattle, WA
Properties
Five (5)
Total Units
201
Avg Unit Size
180 SF
Years Built
2013 – 2016

Opportunity

University Adjacent: Just minutes from the University of Washington, the UW Studio Portfolio has a built-in renter set. As the University continues to grow and requires more off-campus housing for students, these studio buildings are the clear choice. Private rooms and bathrooms create appeal that dorm living can’t offer, without losing access to the engaging University District lifestyle.

Quality of Construction: The UW Studio Portfolio was designed and built with a future-focused point of view. Efficient layouts, quality materials, and energy-efficient features equate to buildings where residents want to live and the owner benefits from proven cost savings. All five buildings received four-star Built Green certification, and are carefully maintained and operated by the owner/builder.

High-Demand Efficiency Units: The UW Studio Portfolio units are a unique class of apartments that are in high-demand among Seattle’s residents, yet micro apartments can no longer be built in LR3 zoning due to new City regulations. Residents benefit from rents below traditional studio apartments in one of Seattle’s hottest neighborhoods, while investors see the highest rents per square foot among all unit types.

University Adjacent

Quality of Construction

High-Demand Efficiency Units

Location

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UW Studio Portfolio

University District
Seattle, WA 98105
Units: 201
Price: $31,000,000

About the Area

The University District is experiencing a renaissance: the University of Washington’s exponential growth over the past decade — particularly in the engineering, computer science, and life sciences fields — attracts top minds to the University and to the area.

The neighborhood is reaping the benefits of the University’s growth. Recently approved upzoning will increase density in the area, while a new light-rail station will cut commutes in half. The neighborhood has long been a beloved haunt for students in search of books, coffee, and food, but in the next five to ten years it will continue evolving into the city’s next tech hot spot.

4 Minutes

Walk to University of Washington

5 Minutes

Bus Ride to University Village Shopping Center

5 Minutes

Bike Ride to Future U District Light Rail Station

7 Minutes

Walk to "The Ave" Commercial District

9 Minutes

Drive to Downtown Seattle

17 Minutes

Bus Ride to South Lake Union

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Exclusive Listing Brokers

Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of the UW Studio Portfolio.

       

Direct: 206.414.8575

       

Direct: 425.736.5516