Marcus & Millichap recently arranged the sale of two multifamily properties with a total of 312 units in Everett, Wash., for a combined price of $20.9 million.
The 126-unit Woodland Heights and the 186-unit Deer Creek apartment communities sold to Vancouver, Wash.-based Holland Partners for an average price of nearly $67,000 per unit.
Get Spunky LP sold the Woodland Heights property, located at 1020 112th St. SW, which totals 108,648 rentable square feet. Built in 1987, the community consists of 54 one-bedroom/one-bath units and 72 two-bedroom/two-bath units.
15803 Saticoy Street LLC sold the Deer Creek apartment complex, located at 8600 18th Ave. West, which comprises 155,237 square feet. Built in 1990, the property features 52 one-bedroom/one-bath units; 59 two-bedroom/one-bath units; 48 two-bedroom/two-bath units; and 27 three-bedroom/two-bath units.
