The 198-unit Meadows at Cascade Park Apartments at 13314 S.E. 19th St. in Vancouver has been sold to a California-based firm for $35.2 million, the business publication REBusinessOnline reports.
The sale price represent a price per unit of $164,141, or $163 per square foot. Its one of the three highest sales based on square footage in Vancouver in the past 12 months, according to HFO Investment Real Estate, which represented the seller, a Canadian investment firm with numerous Portland/Vancouver-area holdings.
The buyer is new to the Vancouver market.