15850 NE 40th St
Redmond WA 98052
Timberlawn Apartments
15850 NE 40th St Redmond WA 98052
Listing #: 678513 | Status: Available | Last Modified: 5/2/2024 |
For Sale
- Phone:(206) 369-7599
- Email:tim.mckay@cushwake.com
- Office Name:Cushman & Wakefield
- Office Phone:(425) 455-4500
- Office Website:
- Agent Phone:(206) 877-3378
- Agent Email:matt.kemper@cushwake.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 16,000,000.0
- $/SF$ 357.1
- $/Unit$ 400,000.0
- Listing StatusAvailable
- Days on Market59
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 1.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units40
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units40
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF44808
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF97399
- Acres2.24
- Property TypeMulti-Family
- Office Type
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaRedmond
- Tax ID #1425059041
- Additional Parcels
- ZoningR-30
- Year Built1987
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Timberlawn Apartments
We are delighted to present an exclusive opportunity to acquire Timberlawn Apartment Homes—an exceptionally rare, value-add apartment investment located in Redmond, WA. Adjacent to the Microsoft world headquarters, Timberlawn has functioned as corporate housing since its last acquisition in 1986. The community is strategically positioned in Redmond, situated across the street from the north entrance of the Microsoft campus, which is home to over 53,000 employees. The new Sound Transit "Redmond Technology" station is less than a quarter mile to the west and is scheduled to open in early 2024. The main retail centers, Bel Red and Downtown Redmond, are just a short drive or one light rail stop away. Currently, 31 out of 40 units are furnished and operated as executive suites, frequently ca