Tripod Properties, LLC recently completed the $4,100,000 purchase of Avey Court Apartments, a 19-unit, multi-family complex located at 13609 NE 28th Street in Vancouver, Washington.
The 13,450 square foot apartment complex was constructed in 2019 and situated on 0.82 acres of land. The apartment complex is made up of seventeen 2 bedroom/1 bathroom units at approximately 750 square feet and two studio units at approximately 350 square feet. All units are equipped with stainless steel appliances, private balconies, granite countertops, and washer/dryers. The multi-family complex was 100% occupied at closing.
David C. Chatfield and Cameron Mercer with Portland-based Norris & Stevens, Inc. represented the Seller, Avey Court, LLC, in the transaction. Kenneth Verbeck and Sean Worl with Colliers International represented the Buyer in the transaction.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 6 million square feet of commercial space and 9,100 apartment units.