EVERETT, WA, April 15, 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 Big Lots, a 44,423 net-leased property located in Everett, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $5,550,000.
The buyer, a private investor, was secured and represented by Brian Leibsohn and Raymond Vara, investment specialists in Marcus & Millichap’s Seattle office. Big Lots is located at 6727 Evergreen Way in Everett, WA. The building was built in 1992 and features a Triple-Net lease to Big Lots Corporate with over 10 years of the remaining term.
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. To learn more, please visit: www.MarcusMillichap.com.