CBRE Acquires Land In Redmond, WA For $35M
16135 Northeast 85th Street, Redmond, Washington 98073, United States
$35,000,000
$350/SF
Building Size
100,000 SF
Asset Type
—
Closing
Jul 19, 2022
AI
The property involved in this closed transaction is a land located at 16135 NE 85th St in Redmond, WA. The sale was facilitated by Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto from CBRE. The transaction took place on 07/20/2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $35,000,000
- Square Footage: 100,000
- Price Per Square Foot: $350
The involvement of Eli Hanacek, Jon Hallgrimson, Mark Washington, and Kyle Yamamoto from CBRE showcases their expertise in brokering this significant land sale in Redmond, WA. Their roles as brokers were crucial in facilitating the transaction between the buyer and the seller.
Players
Redmond 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93