TMG Facilitates $2.4M Sale of 14 Acres for Multifamily Development in Silverdale, Washington
The Mogharebi Group (TMG) successfully arranged the sale of six contiguous land parcels totaling 14.3 acres in Silverdale, Washington to Bode, a local multifamily developer. The development site is strategically located at the northwest corner of NW Anderson Hill Road and Old Frontier Road NW near State Route 3.
Bode plans to construct a state-of-the-art multifamily community consisting of eight residential buildings with abundant amenities and a community center on this prime location.
According to Senior Vice President Ryan Kidwell, who leads TMG’s Seattle office and represented Bode on the transaction: “The seller was very cooperative throughout the process which allowed our buyer to complete much of the entitlement process prior to closing.”
Kidwell also assisted Bode in navigating through challenging capital markets by arranging seller financing for this property. As an active owner and developer with seven projects currently under construction throughout Puget Sound region, Bode has established itself as one of Washington State’s leading developers specializing in workforce housing communities.
This successful transaction further solidifies TMG’s position as an expert commercial real estate brokerage firm that continues its commitment towards providing exceptional services tailored specifically for clients’ needs without compromising quality or efficiency.
