Popular on Rezul
- Patton Racks Up Another World-class VoIP Industry Certification with Zoom Phone System
- SnappyFlow Launches Startup Accelerator Program
- FlightsInStilettos Commemorates Black Women in Aviation
- Latest research shows Australians still not getting annual skin checks with a Health Professional
- Approved! Medical Class VI certification for Natron SE-F silicone ink
- NSD Partners Arranges $68.8 Million Financing of 272-unit Multifamily Asset in Florida
- Counsel from Irell & Manella LLP, Sandoz and Bristol Myers Squib to Chair ACI's Paragraph IV Disputes this April in NYC
- $22.5M Heartwood Ranch is a Sanctuary for Wildlife and an Architectural Inspiration
- HBR Colorado Offers Comprehensive Solutions for Inherited Home Sellers
- Luxury Presence Announces New Chief Customer Officer
Similar on Rezul
- HBR Colorado Hosts House Flipping Event For Denver Real Estate Investors
- Ex-global real estate executive aims to build the Zillow of the Metaverse
- The House Advantage: Why Buying a Home is A Sound Decision Now
- Propy Inc. Holds Firm on Support of Blockchain and Crypto Communities
- HBR Colorado Launches A Real Estate Investing Event In Denver
- Real Estate Expert Giacomo Sinisgalli Announces Release of Selling Real Estate At Auction
- ProActive Commercial Lending Group Launches Financial Product for Equipment Leasing
- HBR Colorado Offers Fast and Convenient Solutions for Homeowners Looking to Sell Their Properties in
- Your Home Sold Guaranteed Realty of Florida Announces Backstage Pass Tour Hosted by Rick Kendrick
- Colliers welcomes Patsy Fretwell as Research Director in Houston
Quattro Development sells Lynwood, WA redevelopment site
Rezul News/10616686
The 1.1 acre site with an 11,204 sf building sold for $9,200,000 equating to a 6.68% cap rate
OAK BROOK, Ill. - Rezul -- Quattro Development announced today the recent sale of a commercial development in Lynwood, WA. The 1.1 acre property is located at 5421 196th St SW. The entire 11,204 square foot building is leased to Guidepost Montessori, the leading network of schools dedicated to Montessori education.
The Quattro Development project involved the conversion of a multi-tenant retail center to a freestanding Guidepost Montessori. Construction began during the summer of 2022 with an expected tenant opening in Q1 2023.
The redeveloped site sold for $9,200,000, equating to a 6.68% cap rate. Chris Urban of NNN Pro Group was the listing agent on the sale.
Mike Liyeos of Quattro Development said, "Despite the rise in interest rates there remains a good deal of investor interest in acquiring Guidepost Montessori properties as long term investments."
According to Quattro Development's Rob Walters, "The Seattle market is a very difficult market to acquire good real estate in, so after years of trying to uncover opportunities, we were very happy to see this one to fruition." Area retail includes Trader Joe's, Costco, Fred Meyer, Whole Foods, and the Alderwood Mall.
More on Rezul News
The project is Quattro Development's second Guidepost Montessori in the Seattle MSA. A similar Kent, WA project was completed and sold earlier in 2022.
About Quattro Development: Quattro Development is a commercial properties developer based in Oak Brook, IL. Founded in 2006 by Michael Liyeos and Robert Walters, Quattro Development actively builds nationwide for retail, medical, restaurant, education, and service tenants. With a precision focus on finding the "Main & Main" location for every project and a dedication to client satisfaction, Quattro Development leads the industry as a premiere preferred developer. For more information, visit QuattroDevelopment.com.
Media Contact:
William Mastin
Chief Marketing Officer
Quattro Development
(815) 685-0499
bill@quattrodevelopment.com
The Quattro Development project involved the conversion of a multi-tenant retail center to a freestanding Guidepost Montessori. Construction began during the summer of 2022 with an expected tenant opening in Q1 2023.
The redeveloped site sold for $9,200,000, equating to a 6.68% cap rate. Chris Urban of NNN Pro Group was the listing agent on the sale.
Mike Liyeos of Quattro Development said, "Despite the rise in interest rates there remains a good deal of investor interest in acquiring Guidepost Montessori properties as long term investments."
According to Quattro Development's Rob Walters, "The Seattle market is a very difficult market to acquire good real estate in, so after years of trying to uncover opportunities, we were very happy to see this one to fruition." Area retail includes Trader Joe's, Costco, Fred Meyer, Whole Foods, and the Alderwood Mall.
More on Rezul News
- HBR Colorado Hosts House Flipping Event For Denver Real Estate Investors
- Waterleaf International, LLC Announces Hiring of Chief Sales Officer
- EVERWILD Returns To Legend Valley With Lineup Featuring Pepper, Bone Thugs-N-Harmony, and host band Tropidelic
- World's First AI-Generated Satirical News Website Launches, Outperforms Humans in Humor and Intelligence
- Genie Script: 20 Word Script by Wesley Virgin
The project is Quattro Development's second Guidepost Montessori in the Seattle MSA. A similar Kent, WA project was completed and sold earlier in 2022.
About Quattro Development: Quattro Development is a commercial properties developer based in Oak Brook, IL. Founded in 2006 by Michael Liyeos and Robert Walters, Quattro Development actively builds nationwide for retail, medical, restaurant, education, and service tenants. With a precision focus on finding the "Main & Main" location for every project and a dedication to client satisfaction, Quattro Development leads the industry as a premiere preferred developer. For more information, visit QuattroDevelopment.com.
Media Contact:
William Mastin
Chief Marketing Officer
Quattro Development
(815) 685-0499
bill@quattrodevelopment.com
Source: Quattro Development
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- The House Advantage: Why Buying a Home is A Sound Decision Now
- Propy Inc. Holds Firm on Support of Blockchain and Crypto Communities
- HBR Colorado Launches A Real Estate Investing Event In Denver
- Protecting and enhancing wildlife populations could be a global warming game changer
- Hai Robotics Wins Innovation Award for Existing Product at Promat 2023
- Real Estate Expert Giacomo Sinisgalli Announces Release of Selling Real Estate At Auction
- 2023 National Farmworker Awareness Week
- ProActive Commercial Lending Group Launches Financial Product for Equipment Leasing
- Orbex Introduces Double Profits for New Traders
- Quotehunt.co.uk: Revolutionising the UK B2B Market with Comprehensive Comparison Services for Small Businesses
- Dr. Kelli Ward and Martha Boneta Fain join the advisory board of Legacy PAC , a partner of Veterans for Trump
- 2023 Employee Handbook Templates Now Available
- Mercy Street to Host the Largest Opening Day Event in the Organization's 20 Year History
- The Nashville International Chopin Piano Competition Announces the Alexei Sultanov Memorial Discovery Prize
- Kobie Voted a Top Workplace USA
- Aquia Inc. Joins the AWS Partner Network and the AWS Public Sector Partner Program
- Perfect Body Laser and Aesthetics ® Offers Tetra CoolPeel Co2 Laser Skin Resurfacing
- Databloom's Blossom Achieves Faster and More Efficient Big Data Analytics
- HBR Colorado Offers Fast and Convenient Solutions for Homeowners Looking to Sell Their Properties in
- Your Home Sold Guaranteed Realty of Florida Announces Backstage Pass Tour Hosted by Rick Kendrick