TUKWILA – The Leibsohn Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, research and advisory services, announced today the sale of a 3 property Jiffy Lube portfolio sale. These long term leased investment properties are located in Tukwila, Puyallup and Port Townsend markets, all in Washington State. According to Joel Andrew Deis, regional manager of the firm’s Seattle office the assets sold for a combined price of $7,940,000.
The buyer, a private Pacific Northwest based investor, was procured and represented by Brian Leibsohn and Raymond Vara, investment specialists with The Leibsohn Group of Marcus & Millichap’s Seattle office.
These long term corporately guaranteed leased investment properties are well established and successful locations for Jiffy Lube and offer the acquiring investor an excellent and stable passive return on investment.
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.