{"id":1004400620,"date":"2020-03-18T05:50:06","date_gmt":"2020-03-18T13:50:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004400620"},"modified":"2025-02-27T21:45:50","modified_gmt":"2025-02-28T05:45:50","slug":"colliers-closes-washington-retail-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-closes-washington-retail-deal\/","title":{"rendered":"Colliers Closes Washington Retail Deal"},"content":{"rendered":"
\"\"<\/a>

3130 Simpson Ave. Image courtesy of Colliers International<\/i><\/p><\/div>\n

Colliers International has negotiated the sale of a 17,384-square-foot, single-tenant retail property in Hoquiam, Wash. The Rite Aid-leased asset sold for $7.5 million at a cap rate of 7.5 percent. The Colliers team which linked the buyer and seller\u2014two private investors\u2014included Senior Vice President Reza Ghobadi and Associate Vice President Ryan Marn.<\/p>\n

The drugstore has 11 years remaining on its triple-net lease, with six five-year renewal options. Located on 2 acres at 3130 Simpson Ave. at the intersection with Myrtle Street, the single-tenant building came online in 2008. The property is 1 mile from Grays Harbor community hospital and within 5 miles of the coastal Washington towns of Aberdeen and Cosmopolis. The surrounding area is home to a number of other national retailers, including 7-Eleven and Dollar Tree.<\/p>\n

In January, a different Colliers team brokered the $30.9 million sale<\/a> of Sutter Square, a 174,689-square-foot office asset in Concord, Calif. Meridian sold the property after a three-year hold.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Reza Ghobadi and Ryan Marn worked on behalf of both parties in the transfer of the 17,384-square-foot building.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749,15],"tags":[32763,36503],"class_list":["post-1004400620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","category-west","tag-colliers-international","tag-rite-aid"],"acf":[],"yoast_head":"\nColliers Closes Washington Retail Deal - 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\/colliers-closes-washington-retail-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colliers Closes Washington Retail Deal\" \/>\n<meta property=\"og:description\" content=\"Reza Ghobadi and Ryan Marn worked on behalf of both parties in the transfer of the 17,384-square-foot building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/colliers-closes-washington-retail-deal\/\" \/>\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=\"2020-03-18T13:50:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:45:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/colliers-closes-washington-retail-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/colliers-closes-washington-retail-deal\/\",\"name\":\"Colliers Closes Washington Retail Deal - 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