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January 11, 2024
Well north of Seattle, Cushman & Wakefield recently disclosed a pair of separate sales. Byron Rosen, Tim McKay, Dan Chhan, Matt Kemper and Sam Wayne represented the unnamed sellers in the two unrelated deals. First, in Sedro-Woolley, the 28-unit Nicholas Townhomes went for $7.5 million. The low-rise complex is west of downtown, near the junction of Highway 9 and Highway 20. Second, to the south in Arlington, the new 29-unit 6605 Apartments also sold for $7.5 million, or for about $454 per square foot (including commercial space), which C&W says is a record for that city. That property is a little northeast of the airport. The buyer was a California investor. Rosen said in a statement, “The sales of these two quality assets in Q4 in the vibrant Snohomish and Skagit counties reflects the increasing residential investor demand — across a variety of product — in the dynamic, growing northern Puget Sound market.”