Case Study – Mukilteo Industrial Market

Key Deal Points

  • 12407 Mukilteo Speedway, Mukilteo, WA
  • Industrial
  • 5,040 SF Total
  • 700 SF Office

For more information regarding this case study, please contact:

Ryan Aleinikoff

Associate
D  (425) 818.2654
raleinikoff@lee-associates.com

 

Richard Peterson

Principal
D  (206) 773.2677
rpeterson@lee-associates.com

 

Chris Peterson

Principal
D  (206) 773.2678
cpeterson@lee-associates.com

The Challenge

Find a replacement tenant for a suite that was going to be vacated from an expanding tenant. To save the landlord money, we had to find the tenant prior to the expiration date.

Our Approach

Our approach was to quickly assemble marketing materials and content the brokerage community and direct prospecting in the area to identify all potential prospects. There we multiple other competing vacancies with a few mile area.

The Outcome

Due to the aggressive marketing campaign, we identified the perfect fit tenant and were able to work with the vacating tenant to cover expenses. We were able to come up with a more competitive and creative offer. The landlord was able to have limited out of pocket expense 35% higher than what the previous tenant was paying.