32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM

The 2021-vintage, 97-percent occupied building is asking $390,625 per unit at a trailing 5.32 percent cap rate, pricing above current Seattle MSA averages. A 32-unit apartment property in West Seattle has come to market at $12.5 million, pricing the property, known as Edric Apartments, at approximately $390,625 per unit, or about $487 per square foot, […]