- acquisition date November 14, 2018
- November 14, 2018
- address1315 Pacific Avenue Everett, WA 98201
- 1315 Pacific Avenue Everett, WA 98201
- number of units108
- square footage70,836
Acquired in November 2018, Lumen Apartments (rebranded from Potala Village by CLP) is a 108-unit rental community located in Everett, WA – approximately 25 miles north of downtown Seattle.
Built to Green Certification, the property features a 3,000 square foot rooftop with breathtaking views of Puget Sound and the Olympic Mountains, as well as controlled access to underground parking across two levels, and a cardio room. Other community features include package receiving, interior elevators, easy access to public transportation, high-speed internet, and a 100% smoke-free environment. Retail tenants include the popular Mazatlán Mexican eatery, a health clinic, and an engineering firm.
Units feature 10 and 12-foot ceilings, in-unit washer/dryer, individual climate control, a dishwasher, panoramic mountain and water views, and eco-friendly Energy Star appliances.
The property is located in Snohomish County, a blend of urban and suburban, white and blue collar, with a well-educated employed workforce of over 400,000.
Northern Snohomish County is the manufacturing center of Washington State. Twenty-two percent of its workforce is associated with manufacturing; over twice the State average. The assembly of commercial aircraft is significant in the local economy with over 41,000 jobs in both The Boeing Company and the associated supply chain. Other nearby employers include the US Navy, Providence Everett Hospital and more within the manufacturing, healthcare, education, and STEM (Science Technology Engineering Mathematics) industries.