Sakioka Farms Acquires Lynnwood Retail Property For $45M

The retail property located at 6218 196th St SW in Lynnwood, WA has been sold for a total price of $45,000,000. The property spans 103,141 square feet, resulting in a price per square foot of $436. The transaction took place on August 18, 2022.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $45,000,000
• Address: 6218 196th St SW, Lynnwood, WA
• Market: Lynnwood, WA
• Buyer: Sakioka Farms
• Seller: Sterling Realty Organization
• Brokers: Billy Sleeth, Paul Sleeth, Pete Bethea, Glenn Rudy & Rob Ippolito - Newmark

The deal was facilitated by the brokers Billy Sleeth, Paul Sleeth, Pete Bethea, Glenn Rudy, and Rob Ippolito from Newmark. Sakioka Farms emerged as the buyer, while Sterling Realty Organization acted as the seller. The property's location at 6218 196th St SW in Lynnwood, WA, coupled with its size of 103,141 square feet, made it an attractive investment opportunity.