EVERETT, WA, April 6, 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 Jiffy Lube (Everett), a 1,422-square foot net-leased property located in Everett, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $1,300,000.
Hank Wolfer, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Jiffy Lube (Everett) is located at 6209 Evergreen Way in Everett, WA. The Jiffy Lube had an absolute NNN lease expiring late 2026 and the franchisee operated over 500 other Jiffy Lube sites across the United States.
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.