Connect CRE – Marcus & Millichap, a leading brokerage firm, recently facilitated the sale of GTS Interior Supply in Everett, Washington. The 34,470-square-foot industrial property was purchased for $6.6 million by a limited liability company represented by investment specialist RJ Vara from Marcus & Millichap’s Seattle office.
Located at 2010 West Casino Road in Everett, GTS Interior Supply attracted significant interest and closed below a 5% cap rate despite facing deferred maintenance during escrow. The property was ultimately sold to an out-of-state investor and the seller arranged for a 1031 exchange which will result in an impressive net cash flow increase of over 200%. This successful transaction highlights the expertise and dedication of Marcus & Millichap’s team in securing profitable deals for their clients.
