I'm a bit behind on providing a summary of the commercial sales in Snohomish County and East King County. This summary is for sales from the beginning of March until today (6/24/2010).
The data comes from the Commercial Brokers Association database.
Snohomish County Sales
In Snohomish county, there were 26 sales during the period. The average sale price was $2.6 million. The highest price paid was $16,150,000 for a 79,000+sf shopping center in Everett. The lowest price was only $255,000 for a small (<1900SF) office building in Edmonds.
The average $/SF paid was just over $245/SF. Of special note is that 5 properties were sold at auction.
East King County Sales
In East King county there were 25 sales. The average sale price was $4.1 million. The highest price paid was $27,000,000 for a fully leased office 'campus' in the Eastgate area of Bellevue. There was over 86,000 sf of office space on 6 acres.
The lowest price paid was $250,000 for a relatively small (2140 sf) church building, also located in the eastgate area.
The average $/SF paid was just over $232/SF. There were only 3 properties auctioned, though there was one property noted as a foreclosure.
Here are links to the details:
Snohomish County... http://www3.commercialmls.com/epropertydata/7855670015300
East King County... http://www3.commercialmls.com/epropertydata/5670670024636
This is an excerpt from an article on our company website. You can find more posts at http://tellusre.com/feed/
Are you a self-motivated broker, committed to taking great care of your clients?
Join the Tellus Real Estate team! We offer easy-to-understand, and even easier to calculate, commission plans. Check out our career page at http://tellusre.com/real-estate-careers/.
Jason Hershey, Designated Broker
Tellus Real Estate Solutions, LLC
PO Box 1113
Duvall, WA 98019
Office: (877) 413-7325
Cell: 425-417-5389Fax: 425-223-3148