Marcus & Millichap, a leading commercial real estate firm, recently finalized the sale of The Heart Building in Seattle, Washington. This 12,654-square-foot office property was sold for $3.225 million.
The exclusive listing for this property was held by investment specialists John Marks and RJ Vara from Marcus & Millichap’s Seattle office on behalf of the seller – a limited liability company.
Located at 4444 Woodland Park Ave N in Seattle, The Heart Building had an impressive occupancy rate of 92%. Within just two weeks of being listed on the market, multiple qualified offers were received and the transaction closed at a sub-5.75% cap rate.
This successful sale is another testament to Marcus & Millichap’s expertise in facilitating profitable commercial real estate transactions across various markets. For more industry news and updates like this one from Connect CRE , stay tuned!
