SOLDIndustrial
Blake Rodgers Of Steel Peak Acquires 3.09 Acre Industrial Property In Kent For $9M
1031 4th Avenue North
$9,000,000
Building Size
—
Asset Type
Industrial
Closing
Aug 12, 2026
AI
Steel Peak has acquired a 3.09-acre industrial outdoor storage property located at 1031 4th Avenue North in Kent, Washington. The transaction was completed for $9 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Address: 1031 4th Avenue North
- Market: Kent, WA
- Acres: 3.09
- Buyer: Blake Rodgers - Steel Peak
- Broker: Will Schmidt - CBRE
This deal marks Steel Peak's fourth industrial outdoor storage property acquisition in the Seattle area within the past year, contributing to a total of 15 IOS purchases overall.
Orangeburg 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93