Case Study: Northwest Multifamily Team Achieves a Non-Contingent Sale of Thomas Park Portfolio with Lee & Associates

Northwest Multifamily Team sells Thomas Park Portfolio for $16.8M with Lee & Associates

Lee & Associates was hired by the Northwest Multifamily Team, representing a seller with a four-building portfolio in Capitol Hill. The seller's challenge was to find a local, respectful investor to act as a custodian for this long-held family legacy, ensuring the buildings and their community of tenants would be carefully transitioned to a new owner who shared their values.

The solution from Lee & Associates involved a year-long preparation and a highly targeted marketing campaign that emphasized the property's community story. Their approach included a unique buyer interview process to identify the perfect custodian, which resulted in multiple non-contingent offers. Lee & Associates successfully negotiated the sale of the portfolio for $16,800,000 at a strong cap rate of 3.88%, ensuring a smooth and confident closing for both parties.