Gantry Secures $11M Refinance Loan For Cumberland Industrial Center In Kent, WA

The Cumberland Industrial Center, located at 22022-22028 68th Avenue South in Kent, WA, has secured $11 million in permanent financing for a refinancing deal. The flex industrial park consists of four buildings spanning 118,500 rentable square feet and sits on 7.4 acres of land.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Address: 22022-22028 68th Avenue South, Kent, WA
• Market: Kent, WA
• Square Footage: 118,500
• Acres: 7.4

The brokers, Alex Saunders and Mike Wood from Gantry, played a crucial role in securing the refinance loan for the Cumberland Industrial Center. They successfully negotiated a five-year, fixed-rate loan, providing the necessary financial support for the property.