Updated Jun 2, 2026
Private Investor Secures $16 Million Refinance Loan For 104,000 Square Foot Industrial Property In Kirkland
11860 Northeast 112th Street
$16,000,000
$153/SF
Building Size
104,000 SF
Asset Type
Industrial
Closing
May 28, 2026
About this deal
AI
The industrial asset involved in this transaction is located at 11860 Northeast 112th Street in Kirkland, WA. The property encompasses a total square footage of 104,000 and has been refinanced for a total loan amount of $16 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Loan Type: Refinance
- Loan Terms: Seven-year fixed-rate, interest-only loan
- Market: Kirkland, WA
- Asset Square Footage: 104,000
The refinancing was completed by a private investor using an insurance company lender. Brokers involved in this transaction include Mike Wood, Michael Taylor, and Tim Brown from Gantry.
On the Map
$16,000,000
$153/SF
Industrial
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Players
Seattle Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93