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Marcus & Millichap Arranges the Sale of a 29 Acre Site of Land

October 21, 2022

LACEY, WA, October 21, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Britton Lots, a 29 Acre development site located in Lacey, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $10,500,000.

Timothy Ufkes and Rich Day, of the Ufkes Group in Marcus & Millichap’s Seattle office, sold the property on behalf of the seller, a real estate management company. The buyer was a developer, secured and represented by Timothy Ufkes and Rich Day.

Britton Lots is located at approximately 6655 Britton Pkwy NE in Lacey, WA with easy freeway access. This development site is located in the rapidly growing Lacey market. The property has potential for over 500 multifamily units to be developed over 2 to 3 phases of construction.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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