Home Commercial 1031 Buyer Acquires Bellingham Office for $5.4MM

1031 Buyer Acquires Bellingham Office for $5.4MM

DIS Commercial, Bellingham, Marcus & Millichap, 1315 Cornwall Avenue

BELLINGHAM, WA, March 5, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of DIS Corporation, a 25,731-square foot net-leased property located in Bellingham, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $5,400,000.

Brian Leibsohn and Raymond Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.The buyer, a private investor, was secured and represented by Brian Leibsohn and Raymond Vara, 

DIS Corporation is located at 1315 Cornwall Ave in Bellingham, WA. The building is a 24,165 square foot single-tenant office building and has served as the national headquarters for DIS Corporation for the past 22 years. 

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.