Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today that it has been awarded the exclusive listing for The Humphrey, an historical 73-unit apartment complex located in the heart of Seattle’s ultra-urban Belltown neighborhood. The property is being offered for sale unpriced, free and clear of all debt.
“The Humphrey is an exceptional core multifamily offering in Seattle,” says Pete Shelton, Executive Director. “With extravagant units, rich history, and undeniable presence, acquisition of The Humphrey will provide an investor with a unique opportunity to own a truly historic, trophy apartment asset in one of the nation’s most coveted urban submarkets.”
Shelton and Kim Grant, both directors with IPA, and Spencer Clark, a director with Marcus & Millichap’s National Multi Housing Group, are representing the seller, a long-time private owner in the Seattle area.
Designed in 1923 and completed by 1928, The Humphrey memorializes the beaux-arts architecture of early Seattle, characterized by elaborate marble and terra cotta detailing. The property sits in the heart of Seattle’s most densely populated neighborhood, bounded by Amazon’s downtown campus, Pike Place Market and the Central Business District.
The Humphrey is situated on 0.19 acres of prime Belltown real estate, and boasts views of Puget Sound and Downtown Seattle. This property contains 2,208 square feet of ground floor retail space, currently occupied by Bathtub Gin & Co. and La Fontana Siciliana restaurant. The assets feature hardwood floors, walk-in closets, breakfast nooks and exposed brick walls.
For more information please contact Spencer Clark at: spencer.clark@marcusmillichap.com | 206.826.5709
With a network of senior-level investment advisors located throughout the United States, Institutional Property Advisors (IPA) continues to exceed the needs of institutional and major private investors. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, superior support services and acclaimed research offer customized solutions for the acquisition and disposition of institutional properties and portfolios.
