JLL Capital Markets facilitates successful sale of premier 344-unit multifamily community in Seattle MSA's Eastside
News release
04 December 2024
Beaumont Apartments in Woodinville trades hands for $136.125M
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SEATTLE, Dec. 4, 2024 – JLL Capital Markets announced today that it has secured the $136.125 million sale of Beaumont Apartments, a premier, institutional-quality apartment community in Woodinville, Washington.
Located at 14001 NE 183rd St., in the highly sought-after Eastside region of the Seattle MSA, Beaumont Apartments offer easy access to the I-405 and SR-522. Residents can enjoy a quick commute to Lake Washington and Downtown Seattle, a major employment hub. The community is also surrounded by retail and entertainment opportunities in the booming Woodinville Wine Country.
Beaumont Apartments, a three-building mid-rise property built in 2009, sits on 14.3 acres and offers studios, one- and two-bedroom units with an average size of 856 square feet. The apartments boast modern features including stainless steel appliances, keyless entry, mosaic tile kitchen backsplashes, undermount sinks, French doors leading to private balconies and deep soaker-style bathtubs. The community provides residents with amenities such as a fitness center, resort-style pool, terrace with barbecues and fire pit, fenced dog park and a co-working lounge. These features combine to create an attractive living environment that caters to various lifestyle needs.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors David Young and Corey Marx and Senior Director Chris Ross.
"Beaumont Apartments represented a unique opportunity to acquire an institutional-quality multifamily asset in one of Seattle's most desirable submarkets," said Young. "The property's excellent location and strong potential for value-add renovations made it a compelling long-term investment. We are pleased to have successfully brokered this significant $136.125 million transaction in the Eastside market."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.