Booming Seattle Suburb Inks $28.4M Multifamily Sale

Courtesy of Berkadia
Greensview Apartment Homes

California-based Glen Una Management recently sold Greensview Apartment Homes to Seattle-based Goodman Real Estate Inc. for $28.4M, according to public records.

The 144-unit apartment building is located at 1520 West Casino Road in Everett. The last sale of note took place in 1991 when Kenneth and Gloria Levy purchased it from Himmel Corp. for $5.6M.

Greensview has a golf course setting with close proximity to Boeing and Paine Field, to which Alaska Airlines recently added commercial flights.

The property features one- and two-bedroom floor plans with wood-burning fireplaces, dishwashers, in-unit washers and dryers, patios and balconies. The property has a swimming pool, a clubhouse and a fitness center.

Berkadia’s Senior Managing Director Kenny Dudunakis and senior directors David Sorensen and Ben Johnson of its Seattle office and Managing Director Kelly Witherspoon of Berkadia’s Austin, Texas, office completed the sale on behalf of the seller.

As the cost of construction and doing business rises in Seattle, more businesses and people are moving north to Everett.

The Port of Everett recently purchased the Kimberly-Clark mill property for $33M on the Everett waterfront, which is undergoing a massive renovation. The site includes 2,500 feet of waterfront, which will be used for maritime activities. The rest will be used for aquatic management and public access. Nearby, SeaLevel Properties developed Everett Waterfront Apartments. Hotel Indigo opened last August.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio