Opportunity to acquire 76 residential units of new construction located along Yelm’s primary arterial SR-507, which connects Lewis, Thurston, & Pierce County

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Executive Summary


Wyndstone Apartments is located along Yelm’s primary arterial SR 507 which connects Lewis, Thurston and Pierce County. Wyndstone is equidistant to interstate 5 and SR 167 which connects Yelm to Dupont, Graham, Fredrickson, Puyallup, Olympia and Downtown Tacoma.

Yelm was the 10th fastest growing city in the state in regard to population due to its affordable living options and superior connectivity to major employment hubs. Yelm’s residents primarily work in the surrounding cities of Tacoma, Olympia and Centralia and host a number of military families currently or formerly stationed at JBLM.

The Wyndstone apartments began leasing end of January 2023, the Trailing 2 months lease-up has averaged 7 units per month and is currently ready for 100% occupancy. The property features a unique mix of 1-bedroom, 2-bedroom and 3-bedroom units ranging from 791 SF – 1,210 SF. Each unit has luxury quartz countertops, vinyl plank flooring, in-unit washer & dryer, stainless steel appliance package and modern lighting.



Investment Highlights


76 luxury apartment units in growing Yelm. In a three-mile radius of the property in the past decade only 90 units have been built and market vacancy is 3%.
Wyndstone features spacious floor plans averaging 1,095 SF consisting of 1 Bedroom, 2 Bedroom and 3 Bedroom units.
Wyndstone is near downtown Yelm whose retailers include, Safeway, Walmart, Mountain Lumber & Hardware, Yelm Cinemas and Tractor Supply. Other shopping and dining options and easy access to strong employment via SR 507 are steps away from the property.
Excellent location eight minutes off I-5 from the main gate at Joint Base Lewis-McChord, the largest military installation west of the Mississippi providing over 50,000 jobs to active duty and civilian employees.
Combined Thurston and Pierce County are home to a dense defense economy with 46,000 tied to military and defense industry, supported by an annual expenditure by the Dept. of Defense of $2.9 billion, or approximately $3,300 per County Resident.
Major employers within 20 minutes of Wyndstone include Joint Base Lewis-McChord, Boeing, Amazon Fulfillment Center, Toray Composites and Whirlpool