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3200 35th Avenue Northeast

Gantry Secures $11.9 Million Loan For Dogwood Enterprises Industrial Park In Everett, Washington
FINANCEDIndustrial

Gantry Secures $11.9 Million Loan For Dogwood Enterprises Industrial Park In Everett, Washington

3200 35th Avenue Northeast

$11,900,000

$111/SF

Building Size

106,686 SF

Asset Type

Industrial

Closing

Dec 10, 2024

AI

The property involved in this transaction is Dogwood Enterprises Industrial Park, which consists of a four-building industrial asset located at 3200 35th Avenue Northeast in Everett, Washington. The facility encompasses a total of 106,686 square feet and has been refinanced with a loan amount of $11,900,000.

Summary of transaction details:

The transaction was facilitated by Gantry, which secured the refinancing loan. The brokerage team, consisting of Demetri Koston, Mike Wood, and Timothy Brown, represents Gantry in this deal, underlining their role in coordinating the financing for this industrial property.

Players

Timothy Brown

Broker

$11.9M

vol

1 deal

Broker

Everett 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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93