Madison Residential recently added another asset to its local Puget Sound portfolio.
On Tuesday, November 9th, Bend of the River Apartments in Kent was acquired for $12.4 million, or roughly $172,222 per unit. Located at 8721 S. 259th St., the complex is just over one mile to the south of downtown Kent. The property’s location is one of its main assets, sitting on the Green River Trail and in close proximity to shopping at Kent Station and the Auburn Supermall. Additionally, the property is roughly three miles from access to Washington State Route 167 and four miles from access to State Route 516.
Courtesy of The Registry Puget Sound. Read the Full Article Here.