Special offer

Everett Commercial Sales Since June 1, 2009

By
Real Estate Broker/Owner with Tellus Real Estate Solutions, LLC Managing Broker: 23635

According to CBA information, there have been 3 commercial property sales in the Everett market area (CBA area 310) since June 1 of this year.

As comparison, during the same period last year 18 properties sold.  Additionally, as a general rule, the value of each sale is far lower than in the previous year.

From the beginning of 2009 until June 1, there were 9 commercial property sales in the area.

Here is the list of properties sold since June:

Property Name/Addr Sale Date List Price Sale Price
128th Street Retail Plaza   8/20/09   $2,660,000    $2,358,143  
927 Medical Center   6/23/09   $1,660,000    $1,425,000  
AM/PM Mini Mart & Gas   8/5/09     $800,000  
JM Padron, CCIM, CCP
THE JMTEAM NETWORK - Destin, FL
CCIM, CCP, International Commercial Broker

Jason,

You should include in your summary the Sq Ft and the CAP rates.

Thanks

Sep 13, 2009 07:16 AM
Charles Perkins
Charles G. Perkins, CPA - Burien, WA

Thanks for sharing this information.  Commercial property sales are way down.  There are a number of properties in my area just sitting.

Nov 04, 2009 03:44 AM