Rally Pickleball Club Leases 43,959 Square Feet In Auburn WA For New Indoor Facility
2703 C Street Southwest
Building Size
43,959 SF
Asset Type
Industrial
Closing
May 6, 2025
AI
The property asset involved is an industrial space located at 2703 C Street Southwest, Auburn, WA, comprising a total of 43,959 square feet. This transaction involves leasing activity rather than a sale, indicating a focus on rental arrangements within the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2703 C Street Southwest
- Market: Auburn, WA
- Landlord: Industrial Realty Group
- Tenant: Rally Pickleball Club
Rally Pickleball Club has leased nearly 44,000 square feet in Auburn, WA’s Auburn 18 Business Park to establish a new indoor facility. This facility will offer various programs, including leagues, rentals, and tournaments, scheduled to commence this summer.
Players
Auburn Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93