Home Real Estate Marcus & Millichap Arranges Sale of Burien Mixed-Use Building
Real Estate

Marcus & Millichap Arranges Sale of Burien Mixed-Use Building


Marcus & Millichap closed the sale of 76 Gas Station and Development, a 4,107-square-foot mixed-use property located in Burien, Washington. The asset sold for $4.1 million.

RJ Vara, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by Anne Goldman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office.

76 Gas Station and Development is located at 18040 1st Ave S and 18032 1st Avenue S. The property generated over ten qualified offers and navigated a false positive environmental testing. The buyer and seller negotiated short-term seller financing that was desirable to both.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...