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Community Transit Purchases Everett Retail Outlet From Evergreen Goodwill For $25.35 Million

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SOLD
$25,350,000

Washington

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Retail107,000 SF
Sold 02/13/2026
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Property Image
SOLD

Community Transit Purchases Everett Retail Outlet From Evergreen Goodwill For $25.35 Million

2208 West Casino Road

See Similar Deals
Retail107,000 SF
Sold 02/13/2026
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Summary

WASHINGTON
Asset Type:Retail
Price Per Square Foot:$236
Total Square Footage:107,000 SF
Transaction Type:Sale

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.

Players

Libby Johnson McKee
1 deal$25.4M volume
SELLER

Details

SOLD
IMAGE: 02/13/2026 ADDRESS: 2208 West Casino Road MARKET: Everett, WA ASSET TYPE: Retail BUYER: Community Transit SELLER: Libby Johnson McKee - Evergreen Goodwill of Northwest Washington SALE PRICE: $25,350,000 SF: 107,000 ~ PPSF: $237 NOTE: Evergreen Goodwill of Northwest Washington has sold its Everett Outlet property to Community Transit for $25.35 million, with Goodwill remaining at the site under a three-year lease.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,351,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,063.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,171.93
Annual Debt Service$1,442,063.20