Quail Park of Lynnwood Assisted Living sold in Lynnwood on June 12, 2024. The property is located in Snohomish county and is 132,905 square feet. The property was built on a 15.25 acre lot.
Lynnwood is a city in Snohomish County, Washington, United States. The city is part of the Seattle metropolitan area and is located 16 miles north of Seattle.
| Property information | Sale Information |
|---|---|
| Property Name: Quail Park of Lynnwood | Sale Date: 6/12/2024 |
| Address: 4015 164th St, Lynnwood WA 98087-6906 |
Sale Price: $78,000,000 |
| Building SF: 132,905 | Price Per SF: 586.89 |
| Property Use: Assisted Living | Seller Name: Anthology Senior Living |
| Year Built: 2013 | Buyer Name: IRA Capital, LLC |
| Land Acreage: 15.25 | Asking Price: |
| Market: Seattle | Sale Status: Sold |
| Submarket: Edmonds/Lynnwood |
One Response
The price per square foot of about 587 stands out given the 15-acre lot, but the post doesn’t separate the value of the land from the operating business, which matters when comparing this to other assisted living trades. A practical tweak would be to add the per-unit or per-bed price and the current occupancy, since those two figures let readers judge whether the buyer paid for real estate or for census and cash flow. Even a short note on cap rate assumptions would help.