Updated Oct 28, 2024
SOLD
Federal Way School Acquires Special Purpose Property From FORTEC In Federal Way, WA For $3.6M
1122 S 322nd Pl
Building Size
—
Asset Type
—
Closing
Jul 13, 2022
About this deal
AI
The special purpose property located at 1122 S 322nd Pl in Federal Way, WA has been sold in a recent transaction. The property spans 6,016 square feet and was sold for a total price of $3,602,817, resulting in a price per square foot of $599.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $3,602,817
- Address: 1122 S 322nd Pl, Federal Way, WA
- Market: Federal Way, WA
- Buyer: Federal Way School
- Seller: FORTEC
The buyer in this transaction is Federal Way School, while the seller is FORTEC. Both parties were represented by their respective brokers.
Players
FS
Federal Way SchoolBuyer
FORTECSeller
Federal Way CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93