Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale

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Bentley House
Institutional Property Advisors announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington.

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington.

“Seattle’s Eastside is experiencing the largest job growth in the region with Amazon, Meta, Microsoft and others bringing in over 33,000 new employees by 2025, all within 15 miles of Bentley House,” said Philip Assouad, IPA executive director. “The property’s location places residents within easy reach of Downtown Seattle and Bellevue via Interstate 90.” Assouad and IPA’s Giovani Napoli, represented the seller and procured the buyer.

A steel and concrete asset built in 2009, Bentley House features top-of-the-line amenities, including a rooftop deck overlooking Lake Sammamish and the Cascade Foothills, a resident clubhouse, business center and fitness center. Apartments have hardwood floors, stainless-steel appliances, fireplaces and air conditioning. The average unit size is 1,486 square feet.

“Issaquah’s strong demographics, including an average annual household income of $221,787, helped add to the asset’s appeal for the buyer,” added Napoli.