CBRE has successfully facilitated the sale of Heronfield, a core-plus multifamily property located in Kirkland, Washington. The 202-unit property was sold to an undisclosed buyer by CBRE’s Eli Hanacek, Mark Washington and Kyle Yamamoto.
According to Eli Hanacek, Managing Director at CBRE, the city of Kirkland is experiencing strong market dynamics with robust growth and stable occupancy. This trend is expected to lead to significant rent growth in the coming years.
Heronfield is situated at 11105 NE 123rd Lane and offers one-, two- and three-bedroom units averaging 939 square feet each. These units feature spacious floorplans with large windows for natural light. Many of the units have been recently renovated with new plank flooring, wood burning fireplaces and updated kitchens featuring quartz countertops. The community also boasts amenities such as an indoor/outdoor pool, clubhouse, fitness center open 24 hours a day,and playground area for residents’ enjoyment. It also sits adjacent to a preserved natural land spanning over 28 acres.
The location of Heronfield within the Innovation Triangle provides easy access via I-405 to major employers in the region.Additionally,the Totem Lake Village lifestyle center covering400000 square feet can be reached within just three minutes from this property.Woodinvilleand Bellevue are both onlya10-minute drive away while downtown Seattle can be reachedwithin20 minutes from Heronfield.
In summary,CBRE’s successful saleoftheHerondieldpropertyinKirkland,WashingtontounidentifiedbuyerswasfacilitatedbyEliHanacek,
MarkWashington,andKyleYamamoto.Thesaleisreflectiveofthecity’sstrongmarketdynamicswithrobustgrowthandstableoccupancywhichareexpectedtoleadtosignificantrentgrowthinthefuture.Heronfielddesignfeaturesone,two-andthreebedroomunitsaveraging939squarefeetwithspaciousfloorplansandlargewindowsformaximumnaturalight.Manyoftheunitsarenewlyrenovatedwithplankflooring,woodburningfireplaces,andupdatedkitchensfeaturingquartzcountertops.Thecommunityalsooffersamenitiessuchasanindoor/outdoorpool,clubhouse,24-hourfitnesscenter,andplaygroundareaforresidents’toenjoy.Additionally,theInnovationTrianglelocationprovidesconvenientaccesstoI-405andmajoremployersintheregion.Thelifestylecenter,TotemLakeVillage,isonlyathreeminutedriveawaywhileWoodinville,Bellevue,anddowntownSeattlecanbereachedwithin10minutesand20minutes,respectively.
