Agree Realty Acquires Lacey Marketplace Retail Property For $21 Million With Brokers Dino Christophilis & Daniel Tibeau

The retail asset involved in this transaction is located at 1200 Marvin Road Northeast in Lacey, WA. The property encompasses a total square footage of 125,204 and was sold for a transaction amount of $21,000,000. The purchase includes a fully leased big-box portion featuring tenants such as Boot Barn, La-Z-Boy, Petco, Ross Dress for Less, and Ulta Beauty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $21,000,000
• Address: 1200 Marvin Road Northeast
• Market: Lacey, WA
• Square Footage: 125,204
• Price Per Square Foot: $168
• Buyer: Agree Realty
• Brokers: Dino Christophilis & Daniel Tibeau - CBRE

The key individuals in this transaction include Agree Realty as the buyer, represented by their brokers Dino Christophilis and Daniel Tibeau from CBRE. This involvement highlights the professional representation that guided the transaction in the retail market segment.