Security Properties Inc. acquired the 200-unit Lake Totem Apartments in Kirkland, WA, for $24.5 million, or $122,500 per unit, with a cap rate of 4%. The complex had an estimated 4% vacancy rate at the time of the sale.
Security Properties Inc. acquired the 200-unit Lake Totem Apartments in Kirkland, WA, for $24.5 million, or $122,500 per unit, with a cap rate of 4%. The complex had an estimated 4% vacancy rate at the time of the sale.
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11733 131st Pl, Kirkland, WA