Snohomish and East King County Commercial Sales Summary – March 2010 to date

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

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