Home Industry News The Neiders Co. Buys Sea Tac Apartment Property for $5.5MM

The Neiders Co. Buys Sea Tac Apartment Property for $5.5MM

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The Neiders Company, III Marks Apartments, Sea Tac, Washington, TNC, Seattle-Tacoma International Airport, Light Rail station, Westlake Associates

On December 26, 2017, the III Marks Apartments, a 49-unit, multi-family property located in Sea Tac, Washington, for $5,500,000 or $112,244 per unit. The buyer of this transaction is 152nd Street TNC LLC – an entity associated with The Neiders Company.

The property is located in close proximity to the Seattle-Tacoma International Airport, about two blocks from the major Light Rail station. The property consists of 4 separate buildings built in various years. The apartments offer their residents territorial and mountain views. The sale also included a portion of developable land that is approved by the city of SeaTac for additional apartment units.

River Voorhees and Louis Voorhees of Westlake Associates, Inc. in Seattle represented both the buyer and seller in this transaction.