LOS ANGELES – January 31, 2022 – Optimus Properties, LLC, has completed the acquisition of a 26-unit apartment deal comprised of 3 buildings located in Kent, Washington. Two of the buildings, located at 10708 and 10722 SE 238th St., were built in 1968, and the third building, located at 10605 SE 238th St., was built in 1978. The buildings are located about 2 miles from Kent Station, a contemporary open-air village with national and local restaurants and retailers. The property is also located within 18 miles of downtown Seattle, whose attractions include the Pike Place Market, Museum of Pop Culture, and the Space Needle. The unit mix is quite impressive with one-and two-bedroom units as well as 2-bedroom townhomes, surrounded by a surplus of parking spaces.
“Having the opportunity to increase our portfolio in the Pacific Northwest with the acquisition of this deal in Kent is a great way to begin what we anticipate to be a very productive year” said Kamyar Shabani, principal at Optimus Properties, LLC. “We plan to immediately implement our value-add strategy at these buildings, which has proven to be successful at our other regional assets in Burien and Portland.
Headquartered in Los Angeles, California, Optimus Properties, LLC is a privately held real estate investment company engaged in the acquisition, development, leasing and management of multi‐family, retail and commercial real estate. The company was established by Kamyar Shabani and K. Joseph Shabani and employs a disciplined investment approach focused on value creation and capital preservation. The company’s investments are characterized by direct principal involvement and a meaningful contribution of its principals’ capital. The company’s current portfolio consists of retail, office, medical office and multi‐family properties in California, Washington, Oregon and New Mexico.