December 20, 2007
FOR IMMEDIATE RELEASE
Apartment Building Owner Relocates to Bay Area, Sells Local Apartments
December 20, 2008: McQuaid Commercial just closed the sale of the Northwind Apartments, a 26-unit apartment building built in 1978 located on 146th Ave NE.
December 20, 2007: Rose Cage, the owner of a 1957 vintage 10-unit apartment building near Golden Gardens Park sold her building yesterday to a local investor by means of McQuaid Commercial Real Estate. The building sold for a record price of $1,660,000.
“Rose needed two things out of this sale: top dollar and a quick closing” said Michael McQuaid, the owner of McQuaid Commercial Real Estate. “She lived in the building as the manager but with her need to relocate her business to San Francisco she would otherwise be leaving the building un-managed; an unadvisable situation. When we learned of her pressing needs we jumped into action to get to market immediately and find the buyer with the highest probability of success, since we really only had time for one shot at this.”
The buyer owns many other buildings in the greater Ballard area. The seller exchanged her proceeds into a warehouse in the Bay area.
The property has been purchased by a local investor who was seeking more units in the greater Ballard area to add to current holdings.
MCQUAID Commercial Real Estate is located at 400 Roy Street in lower Queen Anne. It is an open-concept boutique-style firm offering advising services and focuses on superior client representation. MCQUAID opened its doors in May 2007.
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