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1122 S 322nd Pl

Updated Oct 28, 2024

Federal Way School Acquires Special Purpose Property From FORTEC In Federal Way, WA For $3.6M
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

Federal Way CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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

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