CBRE Facilitates $63.25M Sale of Archstone Redmond Lakeview Apartments
CBRE has successfully arranged the $63.25 million sale of Archstone Redmond Lakeview Apartments, a 166-unit garden-style multifamily community located in Redmond, Washington.
The sale was handled by CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper, who represented the seller, AvalonBay. “This acquisition represents a rare opportunity to secure a generational asset on the waterfront,” said Hanacek. “With limited future development in the area, Archstone’s enduring value is underscored by its irreplaceable positioning and the long-term upside it offers to the buyer.”
Built in 1987, the property is situated at 4250 West Lake Sammamish Parkway NE, directly on the Lake Sammamish waterfront. The community consists of one- and two-bedroom units, each featuring private patios, walk-in closets, and fireplaces.
Archstone Redmond Lakeview Apartments is ideally positioned across from the 640-acre Marymoor Park and provides convenient access to major employers in the tech, gaming, aerospace, and healthcare industries. It is also located between Redmond Town Center and downtown Bellevue, offering a robust mix of dining, shopping, and entertainment options.
