Cerasa’s Location Seals the $109M Deal in Bellevue
Cerasa, a 154-unit apartment building in downtown Bellevue, WA, recently sold for $109 million or $707,792 per unit. Downtown Bellevue is quickly becoming the Pacific Northwest’s technology and employment hub, near recreation, shopping, fine dining, nightlife and Amazon’s 6 million square feet of office space. Bellevue’s future Grand Connection park and plaza space is within blocks.
Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc., brokered the transaction.