Marcus & Millichap : Arranges the Sale of Single Tenant Rite Aid in Seattle Area
January 13, 2023 at 03:10 pm EST
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Marcus & Millichap Arranges the Sale of Single Tenant Rite Aid in Seattle Area
January 12, 2023
RENTON, WA, December 30, 2022 - The Leibsohn Vara Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, and advisory services, announced today the sale of a single tenant investment property leased to Rite Aid Corporation in Renton, WA, according to Joel Deis, Regional Manager of the firm's Seattle office. The asset sold for $7,590,000.
The Buyer, a locally based family investment group, was secured and represented by Brian Leibsohn and RJ Vara of the Leibsohn Vara Group, commercial investment specialists based in the Seattle Office of Marcus and Millichap.
The freestanding Rite Aid property built in 2006 features a 16,280 square foot building on approximately 1.6 acres of land and is located at 17615 140th Ave SE in Renton, WA.
About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
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About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 20:09:07 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.