Leva on the Market

JLL, as an exclusive advisor, is pleased to present the outstanding opportunity to acquire Leva on Market, a premier institutional-quality apartment community located in the heart of Seattle’s Ballard neighborhood.

Built in 2009, Leva on Market (the “Property”) comprises 261 units with a favorable unit mix and strong community amenities, including a 24-hour fitness center, expansive rooftop decks with fireside lounge and grilling stations, and a renovated resident lounge with flat screen TVs. In-unit features include stainless steel appliances with glass top stove, white quartz counters in the kitchen and bathroom, glass backsplash tile, woodstyle flooring, in-unit washer/dryer, and walk-in closets. New ownership will have the opportunity to execute a light value-add program on the South Tower units through the addition of new cabinet fronts, modern roller shades, and kitchen backsplash, while implementing a technology package and AC ports across the full portfolio.

Centrally located in Seattle’s desirable Ballard neighborhood, the Property is within 15 minutes of Downtown Seattle, South Lake Union, and Fremont, providing residents convenient access to the region’s major employment centers. The Property offers residents a premium live, work, play lifestyle that epitomizes the Pacific Northwest with over 450 restaurants and retail establishments close by, which has earned Ballard a reputation as one of the hottest “going-out” hubs in town.

New ownership will benefit from the opportunity to acquire the Property at a significant discount to replacement cost, while stepping into a well-located asset with a 98 Walk Score and average household income of $159K within a 1.5-mile radius.