Marcus & Millichap, a leading commercial real estate brokerage firm, recently facilitated the sale of a 6,030-square-foot net-leased property in Shoreline, Washington. The property was sold for $2.85 million.
Investment specialists Carson Breshears and Hank Wolfer from Marcus & Millichap’s Seattle office were exclusively responsible for marketing the property on behalf of the seller – a private investor. Through their efforts, multiple offers were generated and they successfully closed the deal with an out-of-state buyer who utilized a 1031 exchange.
The AutoZone location at 18217 Aurora Ave North in Shoreline is now under new ownership as part of this transaction. The popular automotive retailer recently signed an early lease extension for another 10 years with scheduled rental increases every five years.
This significant transaction highlights Marcus & Millichap’s expertise in facilitating successful deals within the commercial real estate market.
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