Marcus & Millichap Arranges the Sale of a 4,107-Square Foot Mixed-Use Building

BURIEN, WA, November 29, 2023 – 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 76 Gas Station and Development, a 4,107-square foot mixed-use property located in Burien, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $4,100,000.

RJ Vara, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by Anne Goldman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office.

76 Gas Station and Development is located at 18040 1st Ave S and 18032 1st Avenue S in Burien, WA. The 76 Gas Station generated over 10 qualified offers and navigated a false positive environmental testing. The Buyer and Seller negotiated short term seller-financing that was desirable to both.

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About Marcus & Millichap, Inc. (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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.