SAMMAMISH, 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 Ogata Professional Building, a 5,138-square foot office property located in Sammamish, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $2,750,000.
The buyer, a limited liability company, was secured and represented by Brian Leibsohn and Raymond Vara, investment specialists in Marcus & Millichap’s Seattle office
Ogata Professional Building is located at 26603 NE Inglewood Hill Rd in Sammamish, WA. The building is occupied by an orthodontist on the top floor and will undergo a remodel to accommodate for a veterinary practice on the first floor. This is the first time the building has been sold since it was built in 1999.
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.