Home Commercial 24,800 SQFT Retail Property in Everett Sells for $5.8MM

24,800 SQFT Retail Property in Everett Sells for $5.8MM

Marcus & Millichap, Everett, Brown Retail Group

EVERETT, WA, August 31, 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 Trader Joe’s Retail Center, a 24,800-square foot retail property located in Everett, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $5,835,000.

Clayton J. Brown and Ruthanne Romero of Brown Retail Group, 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. Trader Joe’s Retail Center is located at 811 SE Everett Mall Way in Everett, WA.  The Property is comprised of four total tenants including Trader Joe’s, Dollar Tree, T-Mobile and Olympic Hot Tub. Trader Joe’s has been at this location for over 25 years and recently extended their lease showing their long term commitment to the location.

 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 8,954 transactions in 2020 with a value of approximately $43 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.