Garden Grove

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Garden Grove, an apartment community located in Ferndale, WA.

Built in four phases spanning 1970, 1975, 2008, and 2011, Garden Grove (the “Property or “Subject,”) is a 65-unit garden-style apartment community consisting of twelve studio units, eleven 1-bedroom 1-bathroom units, and forty-two 2-bedroom 2-bathroom units. Future investors stand to benefit from the significant updates to the Property completed by current ownership, positioning Garden Grove as a premier investment opportunity in the market. Approximately $1.2M has been spent in interior and exterior renovations since 2022, including siding work, decks, fire system upgrades, flooring, paint, and appliances.

Situated on Main Street, Ferndale’s central thoroughfare, and less than a mile from Interstate-5, the Property provides residents with unparalleled access to Bellingham's key employment centers as well as the nearby submarkets of Mount Vernon, Everett, and the broader Puget Sound region. Bellingham’s economy is anchored by Western Washington University and bolstered by other prominent employers including St Joseph’s Hospital, British Petroleum, and the headquarters of Haggen Food & Pharmacy. With unrivaled access to the area's renowned recreational amenities, Garden Grove residents are proximate to the Pacific Northwest's most coveted outdoor destinations, including Mt. Baker Ski Area and Birch Bay.