Marcus & Millichap Arranges the Sale of a 31,000-Square-Foot Washington Industrial Building

WOODINVILLE, WA, May 29, 2025 – 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 The Junction, a 31,000-square-foot industrial property located in Woodinville, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $10,510,000.

John Marks and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.   

The Junction is located at 19151 144th Ave NE in Woodinville, WA.  The property is 93% leased to various tenants, including fast food, auto care, and tasting rooms. All in-place leases mitigate expense growth through an NNN expense reimbursement structure and feature annual rental increases as a hedge against inflation. The building, constructed in 2010, boasts versatility that lends itself to a wide range of uses, enabling the asset to maintain nearly full occupancy since its completion. “This is the first time this Class A neighborhood center was on the market,” stated RJ Vara.

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.