|
|
12/31/24
|
A 51.3k sf LA Fitness & Shoppes property in Seattle traded for $13.9 mil, or $271/sf. The multi-tenant asset sits on 3.72 acres at 13244 Aurora Ave N, in an infill location in North Seattle.
The property comprises two components: a 45k sf building leased to LA Fitness and a 6.3k sf pad building fully leased to Jersey Mike’s, IRG Physical Therapy, and T-Mobile.
CBRE’s Dino A. Christophilis and Daniel Tibeau brokered the transaction on behalf of the seller, Madison Development, who originally developed the property in 2007. Madison Development is a prolific Seattle-based firm specializing in commercial and multi-family real estate development. The buyer was a private investor.
“LA Fitness & Shoppes has high-quality tenancy in an area poised for continued housing and population growth. The submarket has shown resilience with multiple big-box retailers recently moving to the area,” said Christophilis.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
