MARYSVILLE, WA—As investors continue to see the value inmulti-tenant retail with drive-thrus, a newly constructed11,142-square-foot property located in the Seattle metro area hasrecently sold. The six-tenant property consists of two retailbuildings of 5,542 square feet and 5,600 square feet, and is 100%leased to Starbucks with a drive-thru, Pacific Dental Services,Jersey Mike's Subs, Dickeys, AT&T and OneMain Financial.
Hanley Investment Group's executive vice presidents Jeff Lefkoand Bill Asher represented the buyer, a private investor from theSeattle metro area, and the developer and seller based inHenderson, NV. Hanley Investment Group has also sold 25 Starbucksassets, most at record pricing in the last two years locatedthroughout the US and currently has three properties listed forsale that include Starbucks.
During that time, Hanley sold 86 multi-tenant retail assetsacross the country valued at $573 million including three retailproperties in the Seattle metro area at record pricing. Along withthe Marysville transaction, Hanley Investment Group has arrangedthe sale of a two-tenant Pacific Dental and CHI Franciscan Healthproperty in Puyallup, WA, and a new construction two-tenantStarbucks with a drive-thru and Pacific Dental at a WinCoFoods-anchored shopping center in Federal Way, WA, selling for atotal of $17.77 million in the last 10 months.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
