Updated Oct 28, 2024
Zenith Industrial Outdoor Storage Acquires 11.6-Acre Industrial Property In Pacific, WA For $21M
1000 Butte Avenue Southeast, Pacific, Washington 98047, United States
$21,000,000
Building Size
—
Asset Type
Industrial
Closing
Nov 1, 2022
About this deal
AI
Located at 1000 Butte Avenue SE in Pacific, WA, this industrial property spans across 11.6 acres. The property was recently sold for a notable price.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Address: 1000 Butte Avenue SE, Pacific, WA
- Market: Pacific, WA
- Buyer: Zenith Industrial Outdoor Storage
- Seller: Butte Ave Properties, LLC
- Broker: Matt Murray - Kidder Mathews
The buyer, Zenith Industrial Outdoor Storage, acquired this industrial property from the seller, Butte Ave Properties, LLC. The deal was facilitated by Matt Murray of Kidder Mathews. With this transaction, Zenith Industrial Outdoor Storage has expanded its portfolio in the Pacific, WA market.
On the Map
$21,000,000
Industrial
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Players
Pacific Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93