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Seattle & Northwest  + Seattle  + Retail  |  August 9, 2022
Stan Johnson Company Completes Sale of Horse Ranch in Monroe WA
Mark Nieto
By: Mark Nieto

Eight-Acre Horse Ranch Sells to Nevada Investor

Stan Johnson Company has completed the sale of an eight-acre horse ranch located at 27106 Old Owen Road in Monroe, WA. The firm’s Asher Wenig represented the buyer, a Nevada-based private investor in the 1031 exchange sale, and also negotiated a new lease with the tenant. Terms of the deal were not disclosed.

“This was a captivating transaction. The client wanted to exchange into something they could be passionate about, and being an avid rider and well connected in the industry, set their eyes on a horse ranch,” said Wenig in a news release. “We found an outstanding property and structured a very clean triple net lease with an experienced operator.”

The ranch was built in 1960 and is located about 30 miles northeast of Seattle. The property features indoor and outdoor arenas, pastures and pens for horse training, lessons, judging and clinics.

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Inside The Story

Stan Johnson CompanyAsher Wenig

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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