J.O. Borgen Plaza Retail Center Sold For $8.2 Million With NorthMarq Brokers In North Bend

J.O. Borgen Plaza is a retail center located at 248-250 Bendigo Boulevard South and 249 Main Avenue S in North Bend, WA. The property sold for $8,200,000 and encompasses a total area of 28,418 square feet, translating to a price per square foot of $289. The retail center features tenants such as Wells Fargo, Jersey Mike’s, and The UPS Store.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,200,000
• Square Footage: 28,418
• Price per Square Foot: $289
• Address: 248-250 Bendigo Boulevard South & 249 Main Avenue S
• Market: North Bend, WA
• Tenants: Wells Fargo, Jersey Mike’s, The UPS Store
• Brokers: Sean Tufts, Kevin Adatto, Joseph Dugoni & Jack Hallberg - NorthMarq

NorthMarq facilitated the transaction, acting as the broker representing the sale of the retail center. The involvement of multiple brokers highlights the collaborative effort in managing the sale process for this property in the competitive North Bend market.