Private Investor Purchases Retail Property In North Seattle For $13.9M From Madison Development

A 51,329-sq.-ft. multi-tenant retail property was sold in North Seattle, located at 13244 Aurora Avenue North. The asset, which sits on 3.7 acres, was acquired for $13.9 million. It features a 45,000-sq.-ft. LA Fitness, along with a 6,329-sq.-ft. pad that is fully leased to Jersey Mike’s, IRG Physical Therapy, and T-Mobile.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,900,000
• Square Footage: 51,329
• Address: 13244 Aurora Avenue North, Seattle, WA
• Price per Square Foot: $271
• Acres: 3.7
• Seller: Madison Development
• Broker Representatives: Dino Christophilis & Daniel Tibeau - CBRE

The transaction was facilitated by brokers Dino Christophilis and Daniel Tibeau, representing the seller, Madison Development. The deal underscores the activity in Seattle's retail market and the involvement of experienced brokers in closing transactions for significant property assets.