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BOTHELL, WA-The Brookwood apartment complex here has sold for $22 million or $121,547 per unit. The seller was Western National Group of Irvine, CA. The new owner, Brookwood Place LLC, plans to sell off the units as condominiums, the listing broker tells GlobeSt.com. The asking price was $23.3 million.
Brookwood sits on 14.5 acres at 18930 Bothell-Everett Highway. The unit mix includes 110 two-bedroom units, 47 three-bedroom units and 24 one-bedroom units in 22 two- and three-story buildings built in 1988.
Unit amenities include nine-foot ceilings, fireplaces, master suites with walk-in closets and full-size washers and dryers. Common area amenities include a clubhouse with a full kitchen, large screen TV and fitness room, and an outdoor pool and sports court. Parking includes 85 garages, 36 carports and 142 uncovered spaces.
Kenny Dudunakis of the Seattle office of Hendricks & Partners was the listing broker. Jeff Gilson with locally based Pinnacle represented the buyer.
Brookwood LLC is believed to be a single-purpose entity of Capital Valley Investments of Rocklin, CA. The company engages in the acquisition, development, redevelopment, financing, ownership, and asset management of real estate properties in California and the Western US, according to its website. Capital Valley's Jim Roberts was not immediately available Wednesday evening for comment.
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