Updated May 29, 2026
Gantry Secures $30 Million Loan To Refinance Lee Johnson Family's Kirkland Automotive Dealership
11845 Northeast 85th Street
$30,000,000
$300/SF
Building Size
100,000 SF
Asset Type
Commercial
Closing
Oct 5, 2023
About this deal
AI
The Lee Johnson Family has successfully refinanced their landmark automotive dealership property located at 11845 Northeast 85th Street in Kirkland, Washington. The commercial property spans 100,000 square feet and is situated in the thriving Kirkland market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $30,000,000
- Loan Type: Refinance
- Loan Terms: Fixed-rate & 30-year amortization
Gantry, represented by brokers Demetri Koston and Mike Taylor, played a crucial role in securing the $30 million permanent loan for the Lee Johnson Family. This successful refinancing will provide the family with long-term financial stability for their automotive dealership property in Kirkland, Washington.
On the Map
$30,000,000
$300/SF
Commercial
View full map
Players
Kirkland Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael S. Taylor to view all their deals.
Browse Kirkland commercial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93