Modera Redmond_Property for Sale
Modera Redmond_Property for Sale
8709 161st Ave NE, Redmond, WA, 98052-3501, US

Modera Redmond

Asset Description

JLL, as an exclusive advisor, is pleased to present the outstanding opportunity to acquire Modera Redmond, a premier institutional-quality apartment community located in one of Washington’s most affluent and in-demand submarkets.


Modera Redmond (the “Property”), built in 2019, consists of 300 units including studio, open 1-bedroom, 1-bedroom, 1-bedroom plus den, 1-bedroom loft, 2-bedroom, 2-bedroom plus den, and 2-bedroom loft units with luxury-grade interior finishes. Residents at Modera Redmond benefit from its market leading amenities including a rooftop deck with panoramic views of the Cascades and Mount Rainier, spacious sky lounge with chef’s kitchen, state-of-the-art fitness center, outdoor courtyard with lawn games, movie room with plush seating, game room with billiards and shuffleboard, and dog wash and grooming spa.


Modera Redmond is conveniently situated just minutes from some of the world’s largest tech companies including Microsoft’s 8 million square feet, 500-acre, and over 50,000 employee campus. In addition, residents can easily access key employment and the region’s premier shopping destinations in Downtown Bellevue in under 10-minutes. New ownership also stands to benefit from the Property’s proximity to the future downtown Redmond Link Light Rail Extension opening in 2025, which will further improve the accessibility of the region to and from Redmond and the Eastside.


In addition to being a dense employer hub, Redmond also boasts over 1.8 million square feet of retail and entertainment in a one-mile radius of the Property including a wide array of boutique retailers, restaurants, shops and entertainment venues. As such, the Property attracts the tech demographic that is young, affluent, educated, and has a high propensity to rent.

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Attributes

Number of units
300
Year built
2019
Parking spaces
295
Land area net
0.73 ha
Rentable area
19,443 m²

Media

Investment Highlights

  • Located minutes away from Microsoft’s 8.0M+ SF campus as well as all of the Eastside’s largest employment drivers
  • Surrounded by tech employers that attract a strong demographic profile
  • Newly constructed asset with luxury-grade features
  • Walkable to thriving retail, restaurants, and shopping destinations in downtown
  • Convenient access to major thoroughfares and walkable to light rail expansion (2025)
  • Appealing discount to replacement cost
Modera Redmond 4_Property for Sale
Modera Redmond 4_Property for Sale

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Modera Redmond (0 Properties)

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Last updated
8 Nov 2024