KIRKLAND, WA, January 4, 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 Juanita Dentistry Building, a 3,083-square foot office property located in Kirkland, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $2,200,000.
Brian Leibsohn and Raymond Vara, 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. The buyer, a private investor, was secured and represented by Brian Leibsohn and Raymond Vara, Juanita Dentistry Building is located at 13611 100th Ave in Kirkland, WA. The sale was part of a 15-year sale leaseback transaction. The seller will be using the proceeds to finance a remodel and business expansion in other markets.
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.