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Security Properties Buys Bordeaux Apartments in Bothell for $26M

The new owner plans to update the common areas and execute deferred maintenance. The unit interiors will also be renovated.

The new owner plans to update the common areas and execute deferred maintenance. The unit interiors will also be renovated.

BOTHELL, WASH. — Security Properties has purchased the 124-unit Bordeaux Apartments in Bothell for $26 million. The community is located at 16520 North Road.

Bordeaux Apartments has access to all three of the region’s largest employment centers, with Seattle and Bellevue 20 miles south and Everett 10 miles north.

The new owner plans to update the common areas and execute deferred maintenance. The unit interiors will also be renovated.

Security Properties-affiliate Madrona Ridge Residential will manage the property.

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