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July 1, 2022

62 Olympia units trade for over $21M

OLYMPIA — The 2-year-old Crescent Point, at 5600 Dunham Drive in Olympia, recently sold for a bit over $21.2 million, according to the Mogharebi Group, which represented an unnamed buyer. That party had recently sold a property, so the recent deal completes a 1031 exchange.

The seller was the original developer of the three-story, 62-unit building. Units have air conditioning, and run from one- to three-bedrooms.


 
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