July 26, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce that Fremont Court, a 35 unit mixed use building in Fremont sold Monday for $17,415,000. The building is located at 3414-3424 Fremont Avenue N & 705-711 N 35th St, Seattle, WA 98103, and is a collection of 17 residential units and 18 commercial units, making it a true mixed-use building. The transaction was brokered by the Lee & Associates | Pacific Northwest Multifamily team, Candice Chevaillier, Daniel Lim, Dea Sumantri and Chris Larsen. The seller, a successful private investor, was pleased, as was the buyer with the ability to purchase the property and assume the attractive existing financing. The seller commented, “It’s been a great 23 years getting to know all our customers and serving their space needs at the Fremont Court and Equinox Building. We’re also very grateful for all the care and hard work by our employees at Equinox Properties Corp over these decades; and for the diligence of Candice Chevaillier and everyone at Lee & Associates marketing the property. We wish the best to our tenants and to the new owners going forward.”
“This sale is a strong proof point of investors’ continued interest in Seattle, considered one of the top multifamily markets in the country. I expect the multifamily and mixed-use value fundamentals to hold strong through the coming years as Seattle continues to flourish,” Candice Chevaillier said in a statement.
ABOUT LEE & ASSOCIATES
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.