Gantry Secures $11M Refinance Loan For Cumberland Industrial Center In Kent, WA | 22022-22028 68th Avenue South | Mike Wood, Alex Saunders | Industrial | Loan

Summary

Loan

WASHINGTON

Industrial

237,000 sqft

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.

Players

All
3

Agents
2
Agencies
1

Details

Deal Summary

FINANCED

IMAGE: Mike Wood & Alex Saunders DATE: 08/31/2023 ADDRESS: 22022-22028 68th Avenue South MARKET: Kent, WA ASSET TYPE: Industrial ~ SF: 118,500 ~ ACRES: 7.4 BROKERS: Alex Saunders & Mike Wood - Gantry LOAN AMOUNT: $11,000,000 LOAN TYPE: Refinance LOAN TERMS: Five-year, fixed-rate loan NOTE: Gantry has successfully secured $11 million in permanent financing to refinance the Cumberland Industrial Center, a flex industrial park spanning four buildings and 118,500 rentable square feet on 7.4 acres in Kent, WA.

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Address22022-22028 68th Avenue South

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