AGM Wealth Report

Acquisition Closed | Mercer Tower

Jan 15, 2024

Portfolio Insights

The investment offers a truly enviable location on the east side of Lake Washington, with quick access to Seattle, Bellevue, and first-class amenities.  

The proposed 12-month, $1.4 million renovation schedule will increase in-place rents and building value by 50% for a total project cost of $8 million. 

  • Acquisition Price: $6.613 Million 

  • Cost Per Unit: $264,500 

  • Cost Per SF: $321 

  • Current Capitalization Rate: 5% 

Mercer Tower is an active offering, sponsored by AGM Inc. You may access the full offering documents, including the Private Placement Memorandum, Subscription Agreement, and the operating Agreement through the Investor Portal by clicking the link below:

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