Updated Feb 16, 2026
Community Transit Purchases Everett Retail Outlet From Evergreen Goodwill For $25.35 Million
2208 West Casino Road
$25,350,000
$236/SF
Building Size
107,000 SF
Asset Type
Retail
Closing
Feb 13, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 2208 West Casino Road in Everett, WA. The sale was completed for $25,350,000, covering an area of approximately 107,000 square feet. The price per square foot for this retail asset amounts to $237.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,350,000
- Buyer: Community Transit
- Seller: Libby Johnson McKee - Evergreen Goodwill of Northwest Washington
- Square Footage: 107,000
- Price Per Square Foot: $237
- Date of Sale: 02/13/2026
Libby Johnson McKee represents Evergreen Goodwill of Northwest Washington, which sold the property to Community Transit. Goodwill will continue to operate at the site under a three-year lease following the sale.
On the Map
$25,350,000
$236/SF
Retail
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Everett Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93