January 21, 2021 10:00 AM
星空体育app下载 and Eastdil Secured announce the sale of a portfolio comprised of eight single-tenant NNN Haggen grocery stores totaling approximately 436,000 square feet.
星空体育app下载鈥檚 Executive Managing Directors and and Associate Patrick Allen, in cooperation with Executive Managing Director , co-represented the confidential seller with Eastdil Secured.
The eight properties are located north of Seattle at 1815 Main Street in Ferndale, 2814 Meridian Street in Bellingham, 210 36th Street in Bellingham, 1401 12th Street in Bellingham, 757 Haggen Drive in Burlington, 2601 E Division Street in Mount Vernon, 26603 72nd Avenue NW in Stanwood and 3711 88th Street NE in Marysville.
The portfolio is situated in highly desirable submarkets surrounding Seattle鈥檚 metro area with limited competition and high barriers to entry. Haggen, which is owned by parent company Albertson鈥檚, has operated as a premier grocer in the state of Washington since 1933. The portfolio provides steady cash flow with substantial lease terms remaining.
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