{"id":4867,"date":"2023-05-31T10:20:03","date_gmt":"2023-05-31T17:20:03","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=4867"},"modified":"2023-11-02T14:03:49","modified_gmt":"2023-11-02T21:03:49","slug":"lee-associates-facilitates-8-2-million-acquisition-of-pacific-business-park-meeting-niche-demand-in-stable-industrial-market","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2023\/05\/31\/lee-associates-facilitates-8-2-million-acquisition-of-pacific-business-park-meeting-niche-demand-in-stable-industrial-market\/","title":{"rendered":"Lee &amp; Associates Facilitates $8.2 Million Acquisition of Pacific Business Park, Meeting Niche Demand in Stable Industrial Market"},"content":{"rendered":"<div id=\"pl-4867\"  class=\"panel-layout\" ><div id=\"pg-4867-0\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-4867-0\" ><div id=\"pgc-4867-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-4867-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-4867-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-c67d20f9f743-4867\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2023\/05\/Pacific-Business-Park-768x500.jpg\" width=\"768\" height=\"500\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2023\/05\/Pacific-Business-Park-768x500.jpg 768w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2023\/05\/Pacific-Business-Park-300x195.jpg 300w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2023\/05\/Pacific-Business-Park-1024x667.jpg 1024w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2023\/05\/Pacific-Business-Park.jpg 1282w\" sizes=\"(max-width: 768px) 100vw, 768px\" title=\"Pacific Business Park\" alt=\"Pacific Business Park\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><div id=\"panel-4867-0-0-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-4867-0-0-1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"font-size: 10px;text-align: center\">\u00a9 All EagleView Technology Corporation<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-4867-0-0-2\" class=\"so-panel widget widget_sow-headline\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-2b1d44ffeaae-4867\"\n\t\t\t\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h3 class=\"sow-headline\">\n\t\t\t\t\t\tTROY GESSEL, PRINCIPAL AT LEE &amp; ASSOCIATES, SYNDICATES OWNERSHIP FUND AND SECURES 100% OCCUPIED PROPERTY WITH 22 TENANTS, POSITIONING FOR CONSISTENT RETURNS AND CATERING TO GROWING NEED FOR AUTOMOTIVE-ORIENTED PROPERTIES\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><div id=\"panel-4867-0-0-3\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>May 30, 2023 (Bellevue, WA) \u2013 <\/strong>Lee &amp; Associates Commercial Real Estate Services is pleased to have represented Pacific West 5, LLC, in their acquisition of the Pacific Business Park.\u00a0 Located at 136 Stewart Road SE in Pacific, WA, the property closed in an $8,200,000 transaction, as part of a 1031 exchange. The 42,000 SF of buildings on the 2.78-acre property is currently leased to 22 tenants and is 100% occupied.<\/p>\n<p>Troy Gessel, Principal at Lee &amp; Associates | Pacific Northwest facilitated the transaction and syndicated the ownership fund which purchased the property.\u00a0 Gessel sees this investment opportunity as a way to meet a niche demand in a relatively stable industrial market.<\/p>\n<p>\u201cThis property is a perfect example of what our Private Investors are looking for in today\u2019s market, Gessel said. There is high demand for smaller, incubator-styled automotive oriented properties that will sustain high occupancy and generate consistent returns for the investors. These properties are few and far between, but we will continue to be on the lookout for similar investment opportunities going forward.\u201d<\/p>\n<p>Lee &amp; Associates will facilitate marketing and leasing at the property, while AGM Real Estate group will provide property management services.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>ABOUT LEE &amp; ASSOCIATES<\/u><\/strong><\/p>\n<p>Lee &amp; Associates offers an array of real estate services tailored to meet the needs of the company\u2019s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee &amp; Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee &amp; Associates, visit\u00a0<a href=\"http:\/\/www.lee-associates.com\/\">lee-associates.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.linkbylee.com\/\">Link<\/a>, our company blog.<\/p>\n<p style=\"text-align: center\"><strong><em>###<\/em><\/strong><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div id=\"pg-4867-1\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-4867-1\" ><div id=\"pgc-4867-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-4867-1-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-4867-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"4\" ><div class=\"panel-widget-style panel-widget-style-for-4867-1-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<h2 style=\"text-align: center\">MEDIA CONTACT<\/h2>\n<p style=\"text-align: center\"><strong>Jim Bowles, SIOR<br \/>\n<\/strong>Lee &amp; Associates<br \/>\n(425) 454-4242<br \/>\n<a href=\"mailto:jbowles@lee-associates.com\">jbowles@lee-associates.com<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-4867-1-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>\u00a9 All EagleView Technology Corporation May 30, 2023 (Bellevue, WA) \u2013 Lee &amp; Associates Commercial Real Estate Services is pleased to have represented Pacific West 5, LLC, in their acquisition of the Pacific Business Park.\u00a0 Located at 136 Stewart Road SE in Pacific, WA, the property closed in an $8,200,000 transaction, as part of a 1031 exchange. The 42,000 SF of buildings on the 2.78-acre property is currently leased to 22 tenants and is 100%&#8230;<\/p>\n","protected":false},"author":39,"featured_media":1124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1087],"tags":[1118],"class_list":["post-4867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","tag-troy-gessel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates Facilitates $8.2 Million Acquisition of Pacific Business Park, Meeting Niche Demand in Stable Industrial Market - Lee &amp; Associates Pacific Northwest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2023\/05\/31\/lee-associates-facilitates-8-2-million-acquisition-of-pacific-business-park-meeting-niche-demand-in-stable-industrial-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; Associates Facilitates $8.2 Million Acquisition of Pacific Business Park, Meeting Niche Demand in Stable Industrial Market\" \/>\n<meta property=\"og:description\" content=\"\u00a9 All EagleView Technology Corporation May 30, 2023 (Bellevue, WA) \u2013 Lee &amp; Associates Commercial Real Estate Services is pleased to have represented Pacific West 5, LLC, in their acquisition of the Pacific Business Park.\u00a0 Located at 136 Stewart Road SE in Pacific, WA, the property closed in an $8,200,000 transaction, as part of a 1031 exchange. The 42,000 SF of buildings on the 2.78-acre property is currently leased to 22 tenants and is 100%...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/northwest\/2023\/05\/31\/lee-associates-facilitates-8-2-million-acquisition-of-pacific-business-park-meeting-niche-demand-in-stable-industrial-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates Pacific Northwest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nwleeassociates\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T17:20:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T21:03:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2019\/11\/Blog-Headers_Lee-Associates-Post.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"574\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ashley Gaquin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NWLeeAssociates\" \/>\n<meta name=\"twitter:site\" content=\"@NWLeeAssociates\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ashley Gaquin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2023\\\/05\\\/31\\\/lee-associates-facilitates-8-2-million-acquisition-of-pacific-business-park-meeting-niche-demand-in-stable-industrial-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2023\\\/05\\\/31\\\/lee-associates-facilitates-8-2-million-acquisition-of-pacific-business-park-meeting-niche-demand-in-stable-industrial-market\\\/\"},\"author\":{\"name\":\"Ashley Gaquin\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#\\\/schema\\\/person\\\/9c7412d73ef5a4c0f2a3a46cbe7c6396\"},\"headline\":\"Lee &amp; 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