Home Commercial Lacey Office Property Trades for $4.8MM

Lacey Office Property Trades for $4.8MM

Marcus & Millichap, Lacey, SCJ Alliance
Courtesy of Marcus & Millichap

LACEY, WA, December 14, 2020 – 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 SCJ Alliance Corporate Headquarters, a 16,959-square foot office property located in Lacey, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for$4,800,000.

Matthew Herman and Stren R. Lea, investment specialists in Marcus & Millichap’s Seattle office, were retained by the seller, a limited liability company, to arrange a sale-leaseback and exclusively market their property for sale.  The sellers were able to retain long-term usage of their building while successfully capitalizing on the favorable market conditions for single-tenant, net-leased office properties. 

SCJ Alliance Corporate Headquarters is located at 8730 Tallon Ln NE in Lacey, WA.  Built in 2007, the class A office building is fully leased to an award-winning engineering & architecture firm with projects throughout the west coast.

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.