$1.7M Sale | Starbucks – Auburn, WA
$1.7m Sale | Starbucks – Auburn, WA
A leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Starbucks, a 1,980-square foot net-leased property located in Auburn, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $1,785,000.
Clayton J. Brown and Ruthanne Romero, investment specialists for Brown Retail Group, exclusively represented the seller, a limited liability company. The buyer, a limited liability company and repeat client of Marcus & Millichap’s Brown Retail Group, was secured and represented by Clayton J. Brown and Ruthanne Romero.
Starbucks is located at 1436 Auburn Way S in Auburn, WA, a busy intersection a short drive down the street from the Muckleshoot Casino. Starbucks has been at this location since 2007 and performed an early 10-year lease extension in 2017 showing their long term commitment to this location.
TESTIMONIAL
“This is the 4th transaction and 3rd 1031 exchange we have closed with Clayton and Ruthanne in the last 6 months or so and they are always a pleasure to work with. Hard working, responsive, very knowledgeable and have a gift for problem solving and getting transactions closed.”
– Buyer for Starbucks, Kroeger Properties
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. To learn more, please visit: www.MarcusMillichap.com.