Main Street Property Group Acquires Development Site In Woodinville, WA For $23M
SOLD
$23,000,000
Washington
See Similar DealsDevelopment Site
Sold 01/13/2023
SOLD
Main Street Property Group Acquires Development Site In Woodinville, WA For $23M
13300 Northeast 175th Street, Woodinville, Washington 98072, United States
See Similar DealsDevelopment Site
Sold 01/13/2023
Summary
WASHINGTON
Asset Type:Development Site
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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