Cushman & Wakefield facilitated the sale of SOLIS, a multifamily complex situated in Seattle’s Capitol Hill neighborhood. The Mondivan Group, a boutique real estate development company based in Vancouver, British Columbia, purchased the property for $28.5 million at an average price of $633,333 per unit.
The team at Cushman & Wakefield’s Multifamily Capital Markets division represented SolTerra and included Sam Wayne,Tim McKay,Matt Kemper,and Dan Chhan. Originally intended as a condominium project,SOLIS was converted to rental units in Summer 2019.
Designed to meet Passive House energy standards,this sustainable property offers modern design and an urban lifestyle experience.Solis boasts impressive energy efficiency with usage levels 50% lower than the U.S.multifamily median.It received NAIOP’s Multifamily Development of the Year award in 2020.
Mondivan Acquires Washington State’s Largest Passive House MF for $28M
