homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

March 15, 2012

Paragon Real Estate Advisors

Broker Saint Newton of Paragon represented the seller, and Paul Mickley, also of Paragon, represented the buyer of the Dorn apartments in South Everett at 115 Dorn Ave. The 26-unit property sold for nearly $1.8 million. The cap rate is 6.6 percent. The new owner is WK Investments Limited Liability Co., whose members are Daniel Kretz of Snoqualmie and John Welliver of Bellevue. WK secured new financing through Dawn Jones of Investors Real Estate Capital. The seller was Dorn Investments LLC, whose manager is Ruey Huang of Bellevue. Conor Barclay and David Petersen of Paragon represented the seller of the Eleni, a Seattle mixed-use building at 401 N.E 45th St. The property sold for $1.4 million and has 12 apartments and an adjacent development site. The cap rate was just over 6 percent. Robert Jarvis was the seller, and YNC LLC was the buyer. Shi Chen is the LLC's member.




Email or user name:
Password:
 
Forgot password? Click here.