Updated Dec 12, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $11,900,000
- Loan Terms: 10-year, fixed-rate loan
- Brokers: Demetri Koston, Mike Wood & Timothy Brown - Gantry
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.
On the Map
$11,900,000
$111/SF
Industrial
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Players
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