HOQUIAM, WA—An out-of-state buyer in search of better returnsfound just that with the purchase of a 17,384-square-footstandalone retail property located at 3130 Simpson Ave. The LloydWells Gift Trust purchased the building at a 7.5% cap rate fromSmith Legacy LLC.
Colliers International's Reza Ghobadi of the firm's Encino, CAoffice worked with Ryan Marn of the Seattle office to connect theseller and buyer in the transaction.
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