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**West Seattle Apartment Portfolio Sells for $111 Million**
A two-building multifamily portfolio located in the West Seattle Junction neighborhood has sold for $111 million.
The transaction includes two mixed-use properties: the 136-unit Mural at 4727 42nd Avenue SW and the 200-unit Link at 4550 38th Avenue SW. The portfolio was sold by an affiliate of Los Angeles-based American Realty Advisors. The buyer is Virtu Investments, a real estate investment firm based in Carlsbad, California. On average, the sale price equates to more than $330,000 per unit.
Both properties were originally developed by Seattle-based Harbor Properties, with the Mural opening in 2009 and the Link following in 2011. In addition to housing units, both buildings include fully leased commercial retail space. The Mural features 5,000 square feet of retail, with tenants including Portage Bay Café, Season’s Salon & Spa, and Just Poke. The Link offers 13,000 square feet of retail space, with tenants such as West of Chicago Pizza and Bright Horizons at West Seattle.
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