Investment Highlights
- Rare Eastlake Asset Steps from Lake Union: Rare opportunity to acquire a premier asset with innovate design and luxury apartment living in one of Seattle's most coveted waterfront neighborhoods.
- conic Location; Distinct Neighborhood Charm: Situated in the heart of Eastlake, known for its classic Seattle charm and strong sense of community.
- Strong Operational Performance with Upside: Family-owned and operated since stabilization. Consistently maintains low vacancy, minimal bad debt, and some of the market's lowest concessions.
- High Barrier-to-Entry Submarket: Eastlake's constrained geography between Lake Union and Interstate 5 creates one of Seattle's most supply-constrained multifamily neighborhoods, supporting long-term rent growth and strong occupancy.
- Walkable to South Lake Union's Major Employers: Residents enjoy easy access to the technology and life sciences hub of South Lake Union, home to major employers including Amazon, Google, and Fred Hutchinson Cancer Center. Eastlake Avenue corridor improvements will bring dedicated bike lanes and bus rapid transit ride outside of East Howe Step's door by 2027, making access into the city even easier.
- Popular Ground Floor Retail - 100% Leased: Well-performing ground-floor tenants bring energy and convenience to the building. Moriyama Sushi, Yoksod Noodles, Sapien Skin & Beauty, The Collective Salon, and Co-May provide popular dining and services that enhance the resident experience.
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East Howe Steps
