Marcus & Millichap Arranges The Sale Of A 34,923-Square Foot Retail Property in Washington

CAMAS, WA, August 2, 2024 - 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 192nd Plaza 34,923-square foot retail property located in Camas, Washington. The asset sold for $9,650,000.

Clayton J. Brown, Dylan Wolf and Ruthanne Loar, 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.

192nd Plaza, attractive assumable financing, 8.41% Stabilized Cap Rate is located at 2005 SE 192nd Avenue 2011 SE 192nd Avenue in Camas, Washington. The high-quality 2010 construction retail center is on the signalized, hard corner of SE 192nd Avenue and SE 20th Street, servicing over 26,000 VPD and is near the Vancouver Innovation Center, a 179-acre master-planned campus. The 11 Tenant, 100% Occupied center had the Brown Retail Group representing the Sellers, a developer partnership based in Clark County. Sold for $276-square foot. Purchased by Local Clark County Investors.

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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.