HUNTINGTON PARK

Exclusive MultiFamily Offering

9009 West Mall Drive Everett, WA 98208

THE OPPORTUNITY

Huntington Park is an upscale 381-unit, garden-style apartment community located in the desirable city of Everett, Washington. Built in 1991, the property contains 27, two- and three-story wood-frame constructed buildings with brick and wood exteriors and pitched roofs with composition shingles. Situated on 13.63 acres of land with a density of 27.95 units per acre, Huntington Park encompasses an ideal unit mix comprised of 193 one-bedroom units, 167 two-bedroom units, and 21 three-bedroom units, with an average unit size of 816 square feet. Surrounded by mature trees, the property is well-maintained and beautifully landscaped with manicured grass areas, trimmed shrubs, and colorful flower beds. The Purchase may be achieved through a sale of an indirect 100% interest in the Property through a sale of equity interests.

  • Within 5 miles of Huntington Park, the Median Household Income is over $70,000.
  • The median home sale price in Everett was $380,700 as of Febraury 2019, up 6.8% annually. 48% of Everett’s housing units are renter-occupied.
  • Huntington Park already features unique touches like vaulted ceilings on the top floors, private access to the homes, wood burning fireplaces, in-unit laundry, and open kitchens. These characteristics will be well-complimented by a full reposition.
  • The premium upgrade to the interior of the homes including, new appliances packages, fixtures, cabinet fronts and hardware, flooring, lighting, doors, base and trim, could generate premiums exceeding $250 per unit over in-place rents.
  • Huntington Park also displays the opportunity to improve the community areas.

9009 West Mall Drive Everett, WA 98208

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx