Aerie Crest – Milton, WA
Sold Price: $2,021,700.00
Property Status: SOLD
Lots: 13 Finished
The offering includes the delivery of 13 Recorded and Finished Single Family Residential Lots. Home sites average 10,065SF.
The Opportunity: Aerie Crest represents the ability to provide new home product for the spring 2017 market. This is traditionally the height of the new home sales season and optimal time to have product on the market. The ability to quickly monetize the asset from recorded lots to new home sales is a key component to this offering. Excellent topography and low fees will also contribute to the overall success of Aerie Crest.
The Puget Sound Region: Expanding employment is the key to growth in our region. Both Amazon and REI reside in nearby Sumner and proximity of the Port of Tacoma, the state’s largest deep water port, provides for a growing employment base. Additionally, current redevelopment of the Weyerhaeuser Campus in nearby Federal Way, will continue to provide job growth for South King and North Pierce Counties.
Delivery of Real Estate: 13 Recorded and Finished Single Family Lots. Estimated delivery of January 2017.