{"id":1004161254,"date":"2016-12-08T02:25:34","date_gmt":"2016-12-08T10:25:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161254"},"modified":"2022-12-08T23:50:14","modified_gmt":"2022-12-09T07:50:14","slug":"cvs-pharmacy-up-for-grabs-near-downtown-seattle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\/","title":{"rendered":"CVS Pharmacy Up For Grabs Near Downtown Seattle"},"content":{"rendered":"

By Mihaela Coste<\/em><\/p>\n

\"Rendering<\/a>

Rendering of CVS Pharmacy. 11 West Mercer St., Seattle<\/p><\/div>\n

Seattle<\/strong>\u2014Marcus & Millichap has been chosen\u00a0to market a newly constructed 15,971-square-foot CVS Pharmacy in Seattle\u2019s Queen Anne neighborhood for the\u00a0price tag of $19.5 million.\u00a0Preet Sabharwal and Daniel Corcoran, both based in the firm’s Manhattan office, are representing the undisclosed seller and Regional Manager Joel Deis of Marcus & Millichap\u2019s Seattle office is the broker.<\/p>\n

The property is located on the ground floor of a new 34-unit luxury apartment community at 11 West Mercer St., in close proximity to the Seattle Center. The pharmacy\u00a0is\u00a0exposed to nearly 40,000 vehicles which pass through the intersection each day, and 223,000 people with an average household income of $100,000 living within a three-mile radius. Major tenants in the neighborhood include Bank of America, Safeway, Starbucks, Taco Bell, Chase Bank, Key Bank, FedEx, and UPS among others.<\/p>\n

\u201cThe flight to safety in high-street retail in hyper-core markets like Seattle continues across domestic lines,\u201d said Sabharwal in a prepared statement. \u201cQuality credit single-tenant net-lease real estate has continued its longstanding appeal to the private capital buyer and certainly continues to attract the broadest buyer pool, including international capital and pension funds.”<\/p>\n

Image courtesy of Uptown 11 website<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Marcus & Millichap has been given the exclusive listing rights to market the property on behalf of the seller.<\/p>\n","protected":false},"author":1192,"featured_media":1004161258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749,1610,15],"tags":[32864],"class_list":["post-1004161254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","category-seattle","category-west","tag-marcus-and-millichap"],"acf":[],"yoast_head":"\nCVS Pharmacy Up For Grabs Near Downtown Seattle - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CVS Pharmacy Up For Grabs Near Downtown Seattle\" \/>\n<meta property=\"og:description\" content=\"Marcus & Millichap has been given the exclusive listing rights to market the property on behalf of the seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-08T10:25:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:50:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/11-West-Mercer-St.-Image-Courtesy-of-liveuptown11.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2233\" \/>\n\t<meta property=\"og:image:height\" content=\"1014\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mihaela Coste\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/\"},\"author\":{\"name\":\"Mihaela Coste\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/84db22c1406ebbb161906ccf4f43d508\"},\"headline\":\"CVS Pharmacy Up For Grabs Near Downtown Seattle\",\"datePublished\":\"2016-12-08T10:25:34+00:00\",\"dateModified\":\"2022-12-09T07:50:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/\"},\"wordCount\":219,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/12\\\/11-West-Mercer-St.-Image-Courtesy-of-liveuptown11.jpg\",\"keywords\":[\"Marcus and Millichap\"],\"articleSection\":[\"Deals\",\"Investment\",\"News\",\"Retail\",\"Seattle\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvs-pharmacy-up-for-grabs-near-downtown-seattle\\\/\",\"name\":\"CVS Pharmacy Up For Grabs Near Downtown Seattle - 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