Home Finance Seattle Industrial Property Home to Grand Central Bakery Sells for $10.475MM

Seattle Industrial Property Home to Grand Central Bakery Sells for $10.475MM

Marcus & Millichap, Seattle, Grand Central Bakery
Courtesy of Marcus & Millichap

SEATTLE, WA, January 7, 2022 – The Leibsohn Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in commercial investment sales, financing, research and advisory services, announced today the sale of the Grand Central Bakery regional HQ, production and distribution facility.  This core Seattle industrial investment property with a state of the art 39,900 SF building is strategically located in the high growth South Seattle market.  The asset sold for $10,475,000.  Grand Central Bakery is located at 21 S. Nevada St. in Seattle, WA. 

Brian Leibsohn and Raymond Vara, commercial investment specialists with The Leibsohn Group of Marcus & Millichap’s Seattle office helped structure this sale leaseback for Grand Central Bakery and represented the multi-generational Seattle based family partnership as Buyers.

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.