Updated Dec 4, 2024
Marcus & Millichap Secures $67M Loan For Federal Way Industrial Park
33815 Weyerhaeuser Way South
$67,000,000
$151/SF
Building Size
441,713 SF
Asset Type
Industrial
Closing
Jan 11, 2024
About this deal
AI
An industrial park located at 33815 Weyerhaeuser Way South in Federal Way, WA has recently undergone a closed transaction. The property spans 441,713 square feet and features various industrial facilities. The deal was facilitated by Gary Mozer from Institutional Property Advisors (IPA).
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $67,000,000
IPA Capital Markets, a division of Marcus & Millichap, secured $67 million in financing for the industrial park. The loan terms are set at three-year floating rate. This transaction showcases the expertise of Gary Mozer from IPA, who played a crucial role as the broker representing the parties involved in the deal.
On the Map
$67,000,000
$151/SF
Industrial
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Federal Way 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93