Seattle DJC.com local business news and data - Real Estate

August 22, 2017

30 Magnolia units sell for $12.6M

SEATTLE — The Marinwood Apartments, at 3628 24th Pl. W. in Magnolia, have sold for $12.6 million, according to King County records.

The seller was Columbia Partners Business Park LLC, which acquired the property in 2015 for $8.2 million.

The buyer was Mag 31 LLC, which is associated with private investors listing an address in Entiat.

Developed in 1980 on about three-quarters of an acre, the Marinwood is a four-story building with 30 units. The average unit size for the view property is quite large: about 1,119 square feet, according to King County. The building has covered parking for 30 vehicles.

Brokers were not announced. The deal was worth about $416,763 per unit.

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