Henry_Property for Sale
Henry_Property for Sale
24 Etruria St, Seattle, WA, 98109-1766, US

Henry

Asset Description

JLL, as exclusive advisor, presents a prime opportunity to acquire Henry, an institutional-quality apartment community in Seattle’s historic Queen Anne neighborhood.

 

Built in 2017, Henry (the “Property”) offers 100 units including studios, open 1-bedrooms, 1-bedrooms, 1-bedroom live-work spaces, and 1-bedroom townhomes. The Property features sleek modern design with high ceilings, private decks, walk-in closets, two-tone cabinets, tile backsplashes, and sophisticated kitchen layouts. The thoughtful building design focuses on appealing shared spaces with two open-air courtyards, a rooftop deck with panoramic views, and a stylish resident lounge.

 

Nestled in North Queen Anne’s tree-lined streets, Henry combines urban convenience with residential charm and tranquility. Henry represents the only 75+ unit institutional apartment deal in North Queen Anne, distinctively positioned within a predominantly residential neighborhood. This truly unique, core Seattle location is enhanced by its immediate proximity to Seattle Pacific University, web and technology leader Google, software giant Adobe, as well as Tableau, a forerunner in data analytics. The Property is also a quick, under 15-minute commute to both downtown Seattle and South Lake Union—the epicenter of Seattle’s job engine. Residents at Henry also benefit from over 1.6M square feet of retail within a 1-mile radius and access to North Queen Anne’s extensive shoreline and recreational amenities.

 

Henry attracts a young, affluent, and educated demographic with high rent propensity, due to its premium location and amenities. The unique combination of institutional-quality construction in a charming residential location with proximity to Seattle’s major employers positions Henry as a standout asset in a market characterized by forecasted near-term supply constraints and highly ranked employment growth.

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Attributes

Number of units
100
Year built
2017
Number of floors
5
Parking spaces
93
Land area gross
0.26 ha
Occupancy
97%

Media

Investment Highlights

  • Proximity to Seattle’s largest employment drivers
  • Under 25-minute commute to booming tech employers on the Eastside
  • Centered between three of Seattle's most exciting and amenity rich neighborhoods: Queen Anne, Fremont, and Wallingford
  • Appealing discount to replacement cost
  • Strong neighborhood demographics support rental upside
Henry 4_Property for Sale
Henry 4_Property for Sale

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Henry (0 Properties)

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Last updated
10 Dec 2024