Marcus & Millichap Arranges the Sale of a 6,400-Square Foot Seattle Office Building

SEATTLE, WA, September 25, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 5100 S Dawson, a 6,400-square-foot office property located in Seattle, WA, according to Joel Deis, regional manager of the firm's Seattle office. The asset sold for $1,495,000, achieving full asking price.

John Marks and RJ Vara, commercial investment specialists at The Vara Group of Marcus & Millichap's Seattle office, were the exclusive seller representatives, and they procured the buyer, a local investor.

"The multitenant property, located at 5100 S Dawson St in Seattle, WA, features a diverse mix of 11 retail and professional office tenants, anchored by an essential service tenant base that has proven resilient in varying market conditions," said John Marks. "The new owner-operator will be introducing an exciting new restaurant concept, which aligns with the property's near-term value-add opportunity and high-demand executive space components."

In addition to stable in-place income, the property presents future development potential, offering flexibility for expansion or repositioning in a submarket benefiting from excellent demographics and continued urban growth. Recent ownership invested in capital expenditures that enhanced the building's infrastructure, positioning it well for long-term appreciation and tenant retention.

This transaction highlights the ongoing demand for well-located, income-generating properties in Seattle's dynamic office market.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.