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September 19, 2017

The Martin at Meadowdale Sells for $5.2M

CoStar Group

Kristin Arzaga

Ethos Property Group sold The Martin at Meadowdale apartment complex at 16028 44th Ave. W in Lynnwood, WA for $5.2 million, or about $217,000 per unit, to Isbe Corporation.

The 22,262-square-foot multifamily community was completed in 1978 and provides one-, two- and three-bedroom homes that have all been recently renovated. It is located close to 11 schools within the area and has easy access to the I-5 and 405 Freeways.

Donna Marshall of Capstone Real Estate Group and Dan Swanson with Kidder Mathews represented the seller. Patrick Suarez at Urban Commercial Partners LLC represented the buyer in the sale.

Please refer to CoStar COMPS #3995591 for more information on the transaction.

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