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Trio of Apartment Complexes Sells

SEATTLE-Three Puget Sound-area apartments change hands this week in deals valued at a total of $2.5 million. Rents and vacancy rates in the local market are down but still desirable, making apartments a decent investment, according to a Puget Sound apartment report for the first half of 2001.

By Gina Binole | Updated on August 28, 2001

SEATTLE-A trio of apartment buildings have traded hands this week.

Holly Creek Apartments, in nearby Des Moines, has sold for $820,000. The apartment building is located at 1919 South Kent-Des Moines Road. The seller was Greg Thomas and the buyer was Rhino Properties, LLC. Both Parties were represented by George Miller in the Bellevue office of Marcus & Millichap.

Meanwhile, an eight-unit apartment complex located at 901 North 36th St. has sold for $805,000. The seller was James Londo and the buyer was Benjamin Hankins. Both parties were represented by Steve Steadele and Dan Swanson in the Bellevue office of Marcus & Millichap.

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