Asian Resource Center

Project details

  • Sale Amount: $4,000,000
  • Sale Date: December 2014
  • Building Square Feet: 28,095
  • Land Area: 36,000
  • Zoning: DMR/C 75/75-170
  • Location: Seattle, WA

1025 S King Street

Seattle, WA 98104

The Challenge:
Located in the heart of the International District, the Asian Resource Center has provided the local Asian Community a meeting place for various events and activities. The Robert Chinn Foundation had originally built the 16,703 square foot building in 1994 to serve that purpose. The property had been on the market for over a year with little success.

The AGM Solution:
The AGM Team took over the listing in the summer of 2014, immediately recognizing that the property is best suited for a buyer that intends to occupy the space and utilize its unique attributes. After shifting all marketing efforts 180 degrees, the property gained a lot of attention from schools, churches and other social groups looking for a center for their operations.

The Outcome:
Within two months the building was under contract with the Pacific Charter School Development program. The sale closed by year-end and the new owners have begun making improvements for their new Summit Public School: Sierra, scheduled to open fall of 2015.

The Client:
The Robert Chinn Foundation was founded in 1989 to honor Robert Chinn, the founder of the first Asian-American-Owned bank in the U.S. His children, now running the foundation, decided to put the center up for sale in early 2013.

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