Lee & Associates has completed the sale of the Equinox Apartments, a fully renovated 28-unit mixed-use property located at 711 N 35th Street in the heart of Seattle’s Fremont neighborhood.
The property sold for $8.9 million plus $1.4 million for a cell tower on the property, with when combined, brings the total to $10.3 million. This transaction was brokered by Candice Chevaillier, Daniel Lim, Dea Sumantri, and Sara Bago of Lee & Associates’ Northwest Multifamily Team.
Originally built in 2001, the Equinox recently underwent significant capital improvements during the current ownership. The building consists of 23 residential units and five commercial spaces, offering a diversified revenue stream and long-term upside.
The deal marks a significant mixed-use, multifamily transaction in one of Seattle’s highest-demand rental submarkets. “This property represents the kind of thoughtfully modernized asset today’s investors are seeking, strategically located, renovated for durability, and positioned in a neighborhood with strong tenant demand,” said Candice Chevaillier.
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