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Gibraltar Buys 20-Unit Apt. Complex in Lower Queen Anne

22,000-SF Multifamily Bldg. in Seattle Trades for $5.5M
February 23, 2018
Gibraltar, a Seattle-based investment firm that specializes in brokerage, property management, and development, purchased a 20-unit multifamily property at 419 Queen Anne Ave. N. in Seattle's Lower Queen Anne area from a private investor for $5.45 million, or approximately $273,000 per unit.

Built in 1912, the property features a mix of studio floorplans that average 424 square feet. The 22,200-square-foot complex is located about one block west of the 485,637-square-foot Key Arena at Seattle Center, home to the WNBA’s Seattle Storm and Seattle University’s Men’s Basketball program.

Candice Chevaillier of SVN|Whitecap Commercial Real Estate brokered the sale on behalf of the seller.

Please see CoStar COMPS #4114828 for more information on this transaction.
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