Canyon Road Starbucks

Challenge

Our team was engaged to represent a buyer in the acquisition of a fully occupied retail center in Puyallup, Washington. The property, a 6,372 SF multi-tenant retail building built in 2006, was 100% occupied at the time of sale. The assignment required identifying the right opportunity for our client and guiding them through a competitive on-market transaction.

Action

We worked closely with the buyer to evaluate the property and move through the acquisition process. Our focus was on confirming the asset's occupancy, understanding the tenancy, and ensuring the buyer had the information needed to make a confident decision. We coordinated due diligence and kept the transaction on track through closing.

Result

• Represented the buyer on the successful acquisition of a 100% occupied retail center
• Sale price: $2,650,000 ($416 per SF)
• Property was fully leased at close, providing immediate income from day one