Growth Path Boosts South Snohomish Investor Appeal

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Affluent cities in South Snohomish have become an attractive alternative to Bellevue, pushing multifamily rental rates and pricing for newer construction such as the $58 million sale of Altia.

LYNNWOOD, WA—A recent sale is one of the largest multifamily transactions in Snohomish County within the last several years. And, brokers associated with the disposition of Altia, a 230-unit garden-style multifamily property, point to its diverse unit mix and relatively recent construction as positives for the buyer. The asset sold for $58 million to California-based FSC Realty LLC.

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