53 units near SLU sell for over $15M
Deal overview
The Borealis apartments at 109 Dexter Ave. N. in Seattle have been sold for \$15.5 million. The property comprises 53 residential units located near South Lake Union.
Seller and past acquisition
The seller is Borealis Apartments LLC, affiliated with Private Portfolio Group and Pillar Communities. This ownership group purchased the Borealis apartments in 2014 for almost \$12.5 million.
The Borealis apartments, at 109 Dexter Ave. N., sold last week for \$15.5 million, according to King County records.
Author’s summary
A 53‑unit Borealis apartment building near Seattle’s South Lake Union changed hands for \$15.5M, marking a profitable exit for its 2014 buyer and underscoring steady multifamily values.
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