Updated Oct 29, 2024
Main Street Property Group Acquires Development Site In Woodinville, WA For $23M
13300 Northeast 175th Street, Woodinville, Washington 98072, United States
$23,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 13, 2023
About this deal
AI
A development site located at 13300 NE 175th St in Woodinville, WA has been sold for $23,000,000. The property spans 4.25 acres and was acquired by Main Street Property Group, represented by Kim Faust and HAL Real Estate.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $23,000,000
- Address: 13300 NE 175th St, Woodinville, WA
- Market: Woodinville, WA
- Acres: 4.25
- Buyer: Main Street Property Group - Kim Faust & HAL Real Estate
The sale of the development site was facilitated by Kim Faust and HAL Real Estate. The transaction marks a significant deal in the Woodinville real estate market, showcasing Main Street Property Group's commitment to expansion and investment in the area.
On the Map
$23,000,000
Development Site
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Players
Woodinville Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93