Updated May 28, 2025
Sand Holdings Estate LLC Purchases 39,000 Sq Ft Industrial Property In Bellevue For $17.5M
13150 Southeast 32nd Street
$17,500,000
$448/SF
Building Size
39,000 SF
Asset Type
Industrial
Closing
May 27, 2025
About this deal
AI
An industrial property located at 13150 Southeast 32nd Street in Bellevue, WA, covering 2.1 acres, has been sold for $17,500,000. The property spans 39,000 square feet, translating to a price per square foot of $449.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Buyer: Sand Holdings Estate LLC
- Seller: Blake Baird - Terreno Realty Corporation
- Sale Date: 05/27/2025
- Market: Bellevue, WA
- Acres: 2.1
- Square Feet: 39,000
- Price per Square Foot: $449
Terreno Realty Corporation sold the property to Sand Holdings Estate LLC. Prior to this transaction, Terreno Realty acquired the property in 2020 for a price of $11,700,000.
On the Map
$17,500,000
$448/SF
Industrial
View full map
Bellevue Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Blake Baird to view all their deals.
Browse Bellevue industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93