SW-which is set to change the fabric of Everett. The asset is also approximately six miles north of Paine Field Airport-located at 3220 100th St. The two properties are approximately half a mile west of downtown Everett, six miles from Mukilteo and roughly one mile from access to Interstate-5. According to Google Maps, current tenants in the Rucker Building include the Snohomish Health District and an IRS Office, but the purchase did not include the building, just a portion of the land. The other property included in the transaction is a portion of the lot that includes The Rucker Building, located at 3020 Rucker Avenue in the Port Gardner neighborhood of Everett. Retail tenants include the Mazatlán Mexican eatery, a health clinic and an engineering firm.Īccording to the property listing on, the asset offers a mix of studio, one- and two-bedroom units that range from 431 to 917 square feet and rent for between $1,125 and $1,695. According to the property listing on Castle Lanterra Properties’ web site, the asset is built to Green Certification and also features a 3,000 square foot rooftop as well as two levels of below-ground parking. One of these is the four-story, 108-unit Lumen Apartments (formerly named Potala Village) located at 1315 Pacific Ave. The transaction included two adjacent buildings, according to public documents. The buyer did not respond to emailed requests for comment about the transaction in time for the publishing of this story. The seller of the properties was Potala Village LLC, an entity based in Seattle. On Wednesday, November 14th, New York-based Castle Lanterra Properties-a real estate investment company that focuses on the acquisition and management of workforce and multifamily housing throughout the U.S.-acquired The Lumen Apartments and a commercial office building for a combined $22.575 million, Snohomish County records show. There have been several transactions in the Snohomish County city of Everett in recent months, and two more properties earlier this week changed hands.
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