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March 6, 2007

Capitol Hill units sold for $1.5M

By JOURNAL STAFF

SEATTLE — East of 5 LLC of Seattle bought the 11-unit 1717 Summit Avenue apartment building in Capitol Hill from Howard Pasternack for $1.5 million, or $136,363 a unit, according to a news release from Hendricks & Partners.

The buyer is anticipating healthy rent growth in the near term due to strong occupancy rates in the Capitol Hill area, the release said.


 
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