Apartment Sale Prices Continue To Soar As Vancouver Sellers Get In On The Act

Dated: 02/10/2016

Views: 536

With Portland's multifamily market just about as hot as they come, some of the region's submarkets are heating up as well.


One example: Vancouver, where a 198-unit apartment community just sold for $35.2 million, racking up one of the highest per-square-foot price tags in the past 12 months.

A California investor has purchased the Meadows at Cascade Park apartments in Vancouver for $32.5 millionEnlarge

A California investor has purchased the Meadows at Cascade Park apartments in Vancouver… more


Portland's HFO Investment Real Estate brokered the sale of the Meadows at Cascade Park apartments, a 198-unit garden court community at 13314 S.E. 19th St. in Vancouver. The sale price penciled out to $178,030 per unit or $177 per square foot. According to HFO, that price is among the three highest per-square-foot prices in Vancouver in the past 12 months.

The seller was a Canadian investment firm with several properties in the metro region. The buyer was a California-based firm looking to enter the market.


Source

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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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