September 10, 2019— Colliers International San Diego Region announces the sale of a 14,490-square foot retail property located in the Seattle suburb of Everett for $5,575,000.
Jon Busse and Derek Heed of Colliers International represented the seller, Sandpiper Properties LLC, and the buyer, Mark and Pennie LLC.
“The property is well located in the highly desirable Pacific Northwest offering the new ownership the benefit of ongoing growth in the greater Seattle area and an established high-credit tenant.” said Jon Busse, Senior Vice President at Colliers International.
The property is occupied by Walgreens Drug Store under a long term lease established in 2003. The property is located 25 miles north of Seattle at 11216 4th Avenue, Everett, WA.