Step 1: Write the sequence.
\[
4^2,\;8^2,\;12^2,\;16^2,\;20^2,\;24^2,\;28^2,\;32^2
\]
There are
\[
n=8
\]
terms.
Step 2: Evaluate the squares.
\[
16,\;64,\;144,\;256,\;400,\;576,\;784,\;1024
\]
Their sum is
\[
16+64+144+256+400+576+784+1024=3264.
\]
Step 3: Find the arithmetic mean.
\[
\text{Mean}
=
\frac{3264}{8}
=
408.
\]
Step 4: Final conclusion.
\[
\boxed{408}
\]
Hence, the correct option is \(\boxed{(C)}\).