Home Commercial Single-Tenant Rite Aid in Renton Sold for $7.6MM

Single-Tenant Rite Aid in Renton Sold for $7.6MM

Leibsohn Vara Group, Marcus & Millichap, Rite Aid Corporation, Renton, Puget Sound, Seattle

RENTON, WA, December 30, 2022 – The Leibsohn Vara Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, and advisory services, announced today the sale of a single tenant investment property leased to Rite Aid Corporation in Renton, WA, according to Joel Deis, Regional Manager of the firm’s Seattle office. The asset sold for $7,590,000.The Buyer, a locally based family investment group, was secured and represented by Brian Leibsohn and RJ Vara of the Leibsohn VaraGroup, commercial investment specialists based in the Seattle Office of Marcus and Millichap.

The freestanding Rite Aid property built in 2006 features a 16,280 square foot building on approximately 1.6 acres of land and is located at 17615 140th Ave SE in Renton, WA.

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion.

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion.