Sale Announcement: 1031 Exchange Kirkland

Sale Announcement: 1031 Exchange Kirkland

1031 Exchange Downleg: 516 6th Street S, Kirkland

Acquired as an owner/user investment by a local optometrist in an off-market transaction, this 4,274 SF office building on a 14,438 SF lot is located across the street from Google in the Houghton Neighborhood of Kirkland.

The property sold for $2,100,000. Troy Gessel of AGM represented the seller, and Jim Reed of AGM represented the buyer for this property.

1031 Exchange Upleg: 111-117 Lake Street S, Kirkland

This 15,256 SF mixed-use building on a 7,000 SF lot is located in the heart of downtown Kirkland. Featuring lake views for west-facing units, the building is comprised of twelve apartments and three retail suites. The building will undergo a major renovation through 2019.

The property sold for $4,100,000. Troy Gessel and Jim Reed represented the seller.

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