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Multifamily

Helm

Everett, WA

192 Units

Built in 2020

Suburban Core

Investment Highlights

  • BEST-IN-CLASS SUBURBAN ASSET: New construction by Wolff Company with high-end finishes and an unparalleled amenities package.
  • CONNECTED COMMUNITY AMENITIES: Well-executed branding with nautical touches and contemporary finishes. One of the best resident clubhouses in the region with an adjacent resort-quality pool and spa.
  • EXCELLENT RESIDENT PROFILE: Residents' average household income is $96,125, from industries that include professional services, medical, administrative, health care, aerospace and defense, and retail services.
  • RENT AFFORDABILITY: New construction home sales within one mile of Helm are exceeding $1M, with the median home value being $648,314 within the 98208 zip code.
  • EASY ACCESS TO MAJOR EMPLOYMENT AND TECH HUBS: Within 25 minutes of downtown Seattle, downtown Bellevue, and the Eastside Tech Corridor. 15 minutes to Bothell's life science employment hub. Convenient access to Interstate 5 and Interstate 405.
  • QUICK LEASE-UP: Helm experienced a quick lease-up after opening in September 2020 and reached 94% leased by August 2021, averaging 15 new leases per month.
  • STRONG LEASE TRADE-OUTS: Recent new leases are being signed approximately $250 higher than the previous rent, representing a 15% increase.

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