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SSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah. The asset traded for $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the undisclosed buyer and undisclosed seller in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Ray Allen of IPA Capital Markets arranged acquisition financing for the buyer.
Vista Ridge Apartments features 91 two – and three-bedroom units averaging 1,106 square feet, an outdoor heated pool, indoor spa and sauna, fitness center and a fenced dog park.