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Seattle & Northwest  + Seattle  + Office  |  December 12, 2024
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Arranges Sale of Seattle Office Building

Marcus & Millichap has completed the sale of The Heart Building, a 12,654-square-foot office property located in Seattle, Washington. The asset sold for $3.225 million.

John Marks and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The Heart Building is located at 4444 Woodland Park Ave N in Seattle, Washington. The property was 92% occupied, and the transaction closed at a sub 5.75% cap rate after multiple qualified offers were procured within the first two weeks of marketing.

Read More News Stories About: Marcus & Millichap
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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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