Home Commercial 46,000 SQFT Net-Leased Property in Spokane Trades for $8MM

46,000 SQFT Net-Leased Property in Spokane Trades for $8MM

Marcus & Millichap, Spokane, Great Floors, Seattle, Brown Retail Group 13708 E Indiana Ave

SPOKANE VALLEY, WA, March 4, 2022 – 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 Great Floors Sale/Leaseback | Spokane, WA, a 46,000 SF net-leased property located in Spokane Valley, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $8,007,000.

Clayton J. Brown, Christopher Edwards and Ruthanne Romero, investment specialists on the Brown Retail Group in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Great Floors Sale/Leaseback | Spokane, WA is located at 13708 E Indiana Ave in Spokane Valley, WA.  This is the fourth Great Floors property to close in a series of five Sale/Leaseback properties in Washington and Idaho. The Property was sold to an aggressive California 1031-exchange buyer who was eager to place capital in Washington State.

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.