It’s the fourth time the Federal Way attraction has been sold in the past 25 years.
Wild Waves and Enchanted Village, the Seattle region’s only major theme park, has been sold to a Missouri real estate investment firm.
Kansas City, Mo.,-based EPR Properties scooped up the 70-acre Federal Way attraction and more than a dozen other theme parks and other properties from Orlando-based investment company CNL Lifestyle Properties earlier this month.
The total price of all the properties was $456 million, although there was no specific price disclosed for Wild Waves.
The park and its vast parking lots have an assessed value of $15.2 million, according to county records.
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Earlier this month CNL also sold 14 ski resorts including Summit-at-Snoqualmie and Stevens Passto a different firm, Och-Ziff Real Estate, for $374 million.
It’s unclear whether the new owners plan to make any changes to the park. EPR, which owns more than 100 movie theaters, theme parks and public charter schools across North America, did not respond to a request for comment.
CNL said it isn’t aware of any planned changes. The company said it sold Wild Waves and all of its remaining properties so it can close the investment fund and cash out its shareholders.
The property has changed hands several times since Enchanted Village opened in 1977, and Wild Waves was added in 1984.
Former soccer player Jeff Stock bought what was then known as Enchanted Parks for $8 million from the original owner in 1991, then sold it to Six Flags for $19.3 million in 2000.
Then in 2010, CNL parted ways with its park operator, Parc Management, and brought back Stock.
Because of the local weather, the park is only open full time from June through the first week of September, along with some weekends and holiday events.