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48-Unit Pioneer Apartments in Cashmere Listed for $12.4MM - The Registry
Summary by The Registry
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48-Unit Pioneer Apartments in Cashmere Listed for $12.4MM - The Registry
A fully leased, 48-unit apartment community at 917 Pioneer Ave. in Cashmere has been brought to market at $12.4 million, or roughly $258,000 per unit. Built in 2022, the 2.91-acre property totals 50,064 square feet of net rentable area, with an average unit size of 1,043 square feet. The current capitalization rate is reported at 6.27 percent, with a proforma rate of 6.35 percent. Multifamily Mason is representing the seller, noting that the ass…
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