Tukwila Anchored Retail

402 Strander Blvd has sold for $10,300,000. The buyer is the existing tenant, JR Furniture. The property sold at $236/ft at just over a 5.25 cap rate on $74,000/ft of TUC-TOD land. Ray West of Westlake Associates, Inc.  represented the sellers, a group of local investors.