Interstate Equities Corp Acquires Augusta Glen Multifamily In Lynnwood For $28.3M

Interstate Equities Corp. has acquired Augusta Glen, a 121-unit multifamily community in Lynnwood, WA, for $28.3 million. The property, located at 4800 186th Place Southwest, was sold by APIC Inc. This transaction was facilitated by the brokers from Institutional Property Advisors (IPA) including Giovanni Napoli, Nicholas Ruggiero, Philip Assouad, and Ryan Harmon who represented the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,300,000
• Address: 4800 186th Place Southwest, Lynnwood, WA
• Market: Lynnwood, WA
• Buyer: Julia Boyd Corso & Marshall Boyd - Interstate Equities Corp
• Seller: Devin Jopp - APIC Inc
• Brokers: Giovanni Napoli, Nicholas Ruggiero, Philip Assouad & Ryan Harmon - Institutional Property Advisors

This acquisition represents Interstate Equities Corp.'s investment in the 121-unit multifamily community. The deal was made possible through the negotiations conducted by IPA's Executive Directors Philip Assouad and Giovanni Napoli, along with Associate Nicholas Ruggiero and Senior Associate Ryan Harmon. The purchase of Augusta Glen aligns with Interstate Equities Corp.'s strategic growth plans in the Lynnwood market.