Seattle · Commercial sale

VA9 Groves buys 23712 110th Ave SE in Kent for $71.75 million

An apartment complex at 23712 110th Ave SE, Kent sold for $71,750,000 on September 23, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 26, 2026

Sold September 23, 2026 · King County, Washington

Aerial view of 23712 110th Ave SE, Kent with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: King County Assessor. The photo can predate the sale.

Sale price: $71,750,000
Sold: September 23, 2026
Property type: Apartment complex
Lot size: 455,453 sq ft

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 23, 2026

Seller's estimated net sheet

23712 110th Ave SE, Kent

Sale price	$71,750,000
Title and settlement
Owner's title insurance policy	$137,650
Escrow fee	$700
Transfer taxes and recording
State real estate excise tax (graduated)	$2,121,575
Local real estate excise tax (0.50%)	$358,750
REET technology fee	$5
Prorations
Property tax proration (seller owes)	$150,380.14
Other costs
Wire / courier / payoff processing	$60
Total deductions	$2,769,120.14
Estimated net to seller	$68,980,879.86

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NetSheet.orgSeptember 23, 2026

Buyer's estimated net sheet

23712 110th Ave SE, Kent

Purchase price (cash)	$71,750,000
Title and settlement
Escrow fee	$700
Transfer taxes and recording
Deed recording fee	$304.50
Credits
Property tax credit from seller	$150,380.14
Closing costs and prepaids	$1,004.50
Estimated cash to close	$71,600,624.36

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
REET technology fee: $5 per affidavit (confidence medium)
Annual property tax estimated at 0.90% of price ($645,750).
Title and settlement fees are typical estimates, not quotes.

Selling in Kent?

The apartment complex at 23712 110th Ave SE in Kent sold for $71,750,000 on September 23, 2026. That price was 43% above its recorded market value.

The King County Department of Assessments' sales records list Mosaic Hills Limited Partnership as the seller and VA9 Groves LLC as the buyer.

The deed covers 2 parcels. 23712 110th Ave SE is the largest one we could identify. Assessor's records show a 10.46-acre lot and a market value of $50,203,000.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in King County?

By our estimate, the seller's two largest charges, not counting prorations, were $2,121,575 for the state real estate excise tax (graduated) and $358,750 for the local real estate excise tax (0.50%). Who pays what follows King County custom.

How much did the seller net?

By our estimate, the seller netted about $68,980,880. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $71,600,624 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

23712 110th Ave SE, Kent, WA.

Source: King County Department of Assessments, real property sales, document 3397006. Property details: King County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.