Closed in May for $6,650,000, Casey Zejdlik and Jason Kono of Pilot Ventures represented the Buyer of the Glen Grove, a 24-unit apartment building located in the downtown core of Bothell.  The property is a well maintained, late 60’s construction building, that has undergone significant improvements over the years.  The Glen Grove benefits from its spacious 2 bedroom floorplans, proximity to the $150 million downtown Bothell revitalization project and modern updates including newer windows and solar panels.

The Pilot Team was able to significantly improve the Buyer’s returns by completing a 1031-Exchange out of a rental house their client had owned for years.  Our client will enjoy increased cash flow, a reset depreciation schedule and a significant amount of principal reduction compared to their previous investment.