Case Study: a property owner achieves full-price sale in a softening market with Lee & Associates

Owner maximizes a $7.3M apartment sale with Lee & Associates

The owner of a 21-unit apartment building in Lower Queen Anne faced the challenge of selling his property after a previous brokerage had failed, all while the market had begun to soften. He reached out to Lee & Associates for their consultation and marketing services to meet his pricing expectations and find the right buyer.

Lee & Associates implemented a creative solution that included securing a property tax reduction and exploring a cell tower contract to increase the building's net operating income. Their targeted marketing and ability to coordinate with a qualified 1031 exchange buyer resulted in a full-price sale of $7.3 million. Lee & Associates successfully facilitated the transaction and managed 1031 exchanges for both the seller and the buyer.

Owner