Davis Property & Investments Secures $11M Loan For Cumberland Industrial Center In Kent

Davis Property & Investments (DPI) has successfully secured $11 million in permanent financing for its Cumberland Industrial Center in Kent, Washington. The industrial property, located at 22012 68th Avenue South, spans across 118,500 square feet and sits on a 7.4-acre plot. This loan transaction marks a significant milestone for DPI, allowing them to further develop and enhance their industrial portfolio in the Kent market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Property Size: 118,500 square feet
• Land Size: 7.4 acres
• Address: 22012 68th Avenue South, Kent, WA
• Market: Kent, WA
• Landlord: Davis Property & Investments - Brad Parker
• Brokers: Alex Saunders & Mike Wood - Gantry

The financing was secured through a five-year, fixed-rate loan, providing stability and security for Davis Property & Investments. This loan will support their ongoing efforts to develop and manage industrial properties in the Kent market. With the expertise and guidance of brokers Alex Saunders and Mike Wood from Gantry, Davis Property & Investments successfully navigated the loan process and secured the necessary funding to propel their operations forward.