Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for Homestead & Redondo Terrace.
Homestead & Redondo Terrace are being offered with the opportunity to be acquired together or separate Built in 1987, Homestead features 134 one- and two-bedroom units. Redondo Terrace, built in 1986, is made up of 78 one- and two-bedroom units. Both properties are characterized by a significant value-add potential paired with a premium location in the Seattle MSA.
The strategic location of these properties in Federal Way, WA provides easy access to major employers in the area, including Amazon, Boeing, Starbucks, T-Mobile, Microsoft, Nordstrom, Costco, and Paccar. The presence of manufacturing in the Kent Valley and the Northwest Seaport Alliance, in the Port of Seattle and Tacoma, further contributes to a robust local economy. With their well-maintained garden-style communities, value-add upsides, and strong employment drivers, Homestead & Redondo Terrace present a compelling opportunity to the investment community.
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29225 Military Rd S | Federal Way, WA 98003
Homestead
Homestead
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Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
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MORTGAGE BANKING
JAy TImpani
Managing Director
WA CRE #106640
206.999.3206
jay.timpani@berkadia.com
Email
David Sorensen
Managing Director
WA CRE #26603
206.801.3102 david.sorensen@berkadia.com
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Ben Johnson
Managing Director
WA CRE #114515
206.801.3144 ben.johnson@berkadia.com
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Brandon LAwler
Senior Director
WA CRE #124640
206.484.8114
brandon.lawler@berkadia.com
Email
INVESTMENT SALES
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
425.230.2565
berkadia.com
berkadia.com/northwest
Bellevue Office
Units
134
BUilt
1987
Avg. SF
790
29421 Pacific Hwy S | Federal Way, WA 98003
Redondo Terrace
Units
78
BUilt
1986
Avg. SF
815
Address
City, State, Zip
County
Parcel NUmber
Acreage
Units
Year Built
Avg SF
Rentable SF
Avg Market Rent
Rent / SF
29225 Military Rd S
Federal Way, WA 98003
King
042104-9061
5.28 Acres
134
1987
790 SF
105,903 SF
$1,684
$2.13
Redondo Terrace
Address
City, State, Zip
County
Parcel NUmber
Acreage
Units
Year Built
Avg SF
Rentable SF
Avg Market Rent
Rent / SF
29421 Pacific Hwy S
Federal Way, WA 98003
King
304020-0025
2.95 Acres
78
1986
815 SF
63,600 SF
$1,984
$2.24
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
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Terms of Use
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities,
visit: https://www.berkadia.com/licensing/.
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
George Pallis
Director
WA CRE #138339
206.801.3070
george.pallis@berkadia.com
Email
Kenny Dudunakis
Senior Managing Director
WA CRE #30749
206.521.7216 kenny.dudunakis@berkadia.com
Email
Managing DirectorWA CRE #106640
206.999.3206jay.timpani@berkadia.com
Senior DirectorWA CRE #124640
206.484.8114brandon.lawler@berkadia.com
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
Email
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© 2022 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004