PORTLAND, OR – HFF announced today that it has closed the sale of Seasons on the Park, a 120-unit, garden-style multi-housing community in Battle Ground, Washington.
HFF marketed the property on behalf of Transpacific Investments, LLC. SOP LLC, a private investor, purchased the community for $13.35 million free and clear of existing debt.
Completed in two phases between 2012 and 2014, Seasons on the Park is 95 percent leased and has one-, two- and three-bedroom units averaging approximately 853 square feet each. Community amenities include a clubhouse and carports. Situated on 3.92 acres at 1307 SE 9th Drive, the property is adjacent to Battle Ground Village, a “shop here, dine here, live here” lifestyle center, and is approximately 15 miles northeast of downtown Vancouver, Washington and 24 miles northeast of downtown Portland.
The HFF investment sales team was led by associate directors Tyler Linn and Nick Klein and director Ira Virden.
Transpacific Investments, LLC is a commercial real estate investment company targeting value-added properties in the Pacific Northwest. The company services the commercial real estate investment allocation needs of high-net-worth individuals, trusts and institutions.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.