Updated Oct 28, 2024
Federal Way School Acquires Special Purpose Asset In Federal Way, WA From FORTEC For $3.6M
1122 South 322nd Place, Federal Way, Washington 98003, United States
$3,602,817
$598/SF
Building Size
6,016 SF
Asset Type
—
Closing
Jul 12, 2022
About this deal
AI
1122 S 322nd Pl in Federal Way, WA has been sold in a closed transaction. The property, classified as a Special Purpose asset, was purchased by Federal Way School from the seller, FORTEC, on July 13, 2022.
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
- Square Footage: 6,016
- Price Per Square Foot: $599
The deal's key individuals involved in this transaction include the buyer, Federal Way School, and the seller, FORTEC.
On the Map
$3,602,817
$598/SF
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Players
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
4.40%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93