Hanley Investment Group, a commercial real estate brokerage that specializes in retail, has crossed the $100 million threshold in the Pacific Northwest with the $2.8 million sale of a two-tenant retail property in Everett, WA. The firm’s Jeff Lefko and Bill Asher represented the seller, a SoCal-based private investor. The buyer, a Seattle-based private investor, was represented by Michael Finch at Century Pacific, LLLP.
The 3,800-square-foot building, located at 1031 SE Everett Mall Way, is occupied by Pacific Dental Services and Coldwell Banker. Built in 1975 and renovated in 2017, the property is situated across from Everett Mall, just off Interstate 5.
“We generated multiple competitive offers shortly after commencing all formal marketing,” said Lefko. “Two-tenant triple-net pad investments leased to corporate tenants in affluent locations across the country continue to be in high demand. They remain attractive alternative investments compared to lower yield, single-tenant properties in today’s market.”