Building Wealth

Helping investors make timely commercial real estate decisions that build wealth.

Swanson King / Kidder Mathews

FEATURED LISTINGS

Waterfront Industrial
Available

Waterfront Industrial

Food processing and cold storage facility with marine dock on Bellingham Bay, Bellingham, WA

Price $8,000,000
Square Feet 35,100
Price Per SF $228
Former Mercedes Benz & Abbey Carpet Locations
New Price

Former Mercedes Benz & Abbey Carpet Locations

Located on a 2.19-acre parcel at 20505 and 20515 Highway 99 in Lynnwood, Washington. Two buildings, totaling approximately 25,259 square feet, were constructed in 1978 and 1990.

Price $6,250,000
Square Feet 25,259
Price Per SF $247
Sherwin-Williams & Big 5 Sporting Goods
New Price

Sherwin-Williams & Big 5 Sporting Goods

This two-tenant center is occupied by Sherwin-Williams and Big 5 Sporting Goods on long-term leases. Sherwin-Williams recently signed a new, 10-year lease and Big 5 exercised a 5-year extension option to their original primary lease term that started in 1994.

Price $4,150,000
CAP Rate 6.57%
Square Feet 15,099
Price Per SF $275

LATEST POSTS

Pacific Northwest Retail Investment Market Update

Interest Rate Volatility Continues to Challenge MarketsEarly in my career I attempted to predict interest rate movements in our newsletter. I quickly learned to stay in my lane. In fact, I often tell my clients that if they think they can predict interest rates, they should be trading bonds instead of buying real estate.

Mike King

The Hottest Real Estate Play Is in Your Neighborhood

Continuing our theme from last month, the Wall Street Journal recently published an article titled The Hottest Real-Estate Play Is in Your Neighborhood. The article highlights the growing popularity of strip retail centers.

Pacific Northwest Strip Retail Remains Strong

The pandemic has profoundly impacted the commercial real estate industry, causing significant challenges across all asset classes. Retail real estate, in particular, has faced uncertainty and disruption. However, despite current lending challenges in commercial real estate, strip centers are emerging as a favored asset class. One reason is their resilience.

RECAP

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