CBRE has successfully brokered the sale of CentrePointe Greens, a garden-style multifamily property located in Everett, Washington. The 186-unit complex was sold to an undisclosed buyer by CBRE’s team consisting of Eli Hanacek , Mark Washington and Kyle Yamamoto.
Built in 1990, CentrePointe Greens is situated at 8600 18th Ave. W and offers one-, two- and three-bedroom units with an average size of 835 square feet. Many units have been recently updated and are commanding higher rents as a result. Residents can also enjoy various community amenities such as a renovated fitness center, clubhouse, indoor pool and spa, playground area for children,and even a dog park on site. Additionally,the property boasts scenic views of Kasch Parkand Walter E.Hall Parkand Golf Course.
According to CBRE’s Hanacek,”With no new developments over100units currently underwayin Everett,this transaction presents the opportunity for the new owner to benefit from projected supply shortages overthe next five years.” This makes it an ideal investment opportunity for any potential buyers lookingto capitalize on this market trend.
This news was originally reported by Connect CRE but has been rewritten herefor clarity andrelevance.
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