Northmarq Brokers Sale and Lease of Horse Ranch Outside Seattle, Washington

EdwardsFarm

Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of an eight-acre horse ranch located at 27106 Old Owen Road in Monroe, Washington. Northmarq’s Asher Wenig represented the buyer, a Nevada-based private investor, in the 1031 exchange sale and negotiated a new lease with the tenant, Jordán Linstedt Eventing. 

“This was a very captivating transaction. The client wanted to exchange into something they could be passionate about. The client, being an avid rider and well connected in the industry, set their eyes on a horse ranch,” said Wenig, Senior Director and Partner in Northmarq’s New York office. “We found an outstanding property and structured a very clean triple net lease with an experienced operator.” 

The facility was built in 1960 and is situated on 8.12 acres about 30 miles northeast of Seattle. The property features indoor and outdoor arenas, pastures and pens for horse training, lessons, judging and clinics. 

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About Northmarq:

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.