Madison Plaza

THE MOGHAREBI GROUP is pleased to present the opportunity to acquire Madison Plaza, a premier, new construction 157-unit multifamily community, plus 1 ground-level, 1,232 square foot retail unit, located in the heart of Downtown Kent, Washington. Constructed in 2022 and currently in pre-lease-up phase, this property offers a wide array of studio, one-, and two-bedroom floorplans with high-end finishes including quartz countertops, luxury vinyl plank flooring, high-end soft close cabinetry, and stainless-steel energy-efficient appliances as well as an in-unit stackable washer / dryer. The community also offers numerous common area amenities including a resident lounge, controlled access parking garage, dual elevator access, fitness center, and a rooftop area with walking path, barbeque grill, lounge seating, and dog run with washing station. The property benefits from a property tax exemption for eight years and is subject to a ground lease with 99 years remaining. Madison Plaza is a premier, newly constructed asset located in the heart of a growing suburban commuter submarket in one of the nation’s most desirable metro areas.