Marketing Description:

Marcus & Millichap’s Brown Retail Group has been exclusively selected to market for sale Canyon Plaza located in the affluent Seattle/Tacoma, WA MSA. The Property is currently occupied with a diverse tenant mix including Verizon Wireless and Windermere Real Estate. All of the tenants at the Property currently operate on NNN leases allowing for reimbursement of nearly all expenses and providing a hedge against rising operating expenses. In 2027, the future owner will have the opportunity to increase Crown Castle GT Company's easement to market rents, which is estimated to increase NOI by at least $35,000/year. Four of the five leases feature annual rent increases during the initial lease terms. The Property features a total of five tenants and one leased easement with varying lease expirati