Interstate Equities Corp Acquires Augusta Glen Multifamily Property In Lynnwood, WA For $28.25M

The Augusta Glen apartment property in Lynnwood, WA has been acquired by Interstate Equities Corp for a total of $28.25 million. This multifamily asset consists of 121 units, with each unit having an approximate price per unit (PPU) of $233,471. The property is located at 4800 168th Street SW in Lynnwood, WA.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,250,000
• Address: 4800 168th Street SW, Lynnwood, WA
• Market: Lynnwood, WA
• Buyer: Interstate Equities Corp
• Seller: APIC Inc
• Units: 121
• Price per Unit (PPU): $233,471

Interstate Equities Corp, an active player in the real estate market, has successfully completed the acquisition of Augusta Glen. This transaction highlights their continued efforts to expand their portfolio with high-quality properties. On the other hand, APIC Inc, the seller in this deal, has found a suitable buyer for their asset.