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Seattle & Northwest  + Seattle  + Retail  |  June 19, 2024
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Arranges Sale of AutoZone-Leased Property in Shoreline

Marcus & Millichap brokered the sale of AutoZone, a 6,030-square-foot net-leased property located in Shoreline, Washington. The asset sold for $2.85 million.

Carson Breshears and Hank Wolfer, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a private investor. Breshears and Wolfer generated multiple competing offers, ultimately closing the deal with a private 1031 exchange buyer from out of state.

AutoZone is located at 18217 Aurora Ave North in Shoreline, Washington. AutoZone recently inked an early 10-year lease extension with scheduled rental increases every 5 years.

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Marcus & Millichap

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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