December 18, 2019 - Trinity Real Estate (TRE), in partnership with a Seattle-based Family Office, is pleased to announce the recent acquisition of the charming East Highlands apartments in the Capitol Hill neighborhood.
The partnership has acquired the 12-unit apartment East Highland property which was constructed in 1928. The property is a two building 4-story space with a communal courtyard connecting the two areas. All of the 12 units are 1-bedroom/1-bath spaces averaging at 725 ft2. There is also one commercial office space on the bottom floor that is 384 ft2. There is ample street parking in the area and 3 secure parking spaces.
While the property boasts of historic charm with its brick exterior and historic finishes, residents still enjoy modern day high-quality appliances and amenities. The units have high-end GE appliances, granite counter tops, classic fixtures, and hardwood flooring. The property is not designated as an unreinforced masonry building within the city of Seattle even though it has brick and timber construction.
The East Highlands apartment complex is located in one of the oldest and most affluent areas in the Capitol Hill neighborhood. The location offers a historic neighborhood feel while providing urban amenities within walking distance. There are numerous restaurants and retail corridors within a 10-minute walk including 15th Ave retail corridor and the Pike/Pine neighborhood. Nearby landmarks include Volunteer Park, Washington Park Arboretum, Seattle University, and Madison Park beach.
“This charming and historic property is a wonderful addition to our client’s portfolio providing strategic exposure to a thriving Seattle neighborhood” commented, Lex Wieneke, Trinity Real Estate Partner
TRINITY REAL ESTATE
Trinity Real Estate provides comprehensive, personalized real estate services and investment strategy to West Coast family offices and institutional investors. TRE’s hands-on, high touch, and full-service approach has led to the management, development, and repositioning of more than $3 billion in assets since its founding in 2001. These assets span all sectors of the real estate market including office, industrial, multifamily, hospitality and mixed-use. Currently, TRE has $300 million of assets under management and over $100 million of advisory assignments. TRE’s objective is to create, enhance, and preserve real estate assets that produce strong long-term returns for its clients.
TRINITY REAL ESTATE
Lex Wieneke | Partner