Marcus & Millichap Brokers $7.9 Million Purchase of Jiffy Lube Net-Leased Portfolio in Washington

Tukwila, Puyallup and Port Townsend, Wash. — The Leibsohn Group of Marcus & Millichap has arranged the acquisition of a three-property retail portfolio in Tukwila, Puyallup and Port Townsend. A private, Pacific Northwest-based investor acquired the portfolio from an undisclosed seller for $7.9 million. Jiffy Lube occupies each of the properties on a long-term, net-lease basis. Brian Leisbsohn and Raymond Vara of The Leibsohn Group procured and represented the buyer in the deal.

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