Updated Aug 15, 2025
Blake Baird Of Terreno Realty Corporation Acquires Nine-Property Industrial Portfolio In Woodinville For $232.6M
15000 Woodinville Redmond Road
$232,600,000
$323/SF
Building Size
720,000 SF
Asset Type
Industrial
Closing
Aug 14, 2025
About this deal
AI
The transaction involved an industrial portfolio consisting of nine properties located at 15000, 15100, 15300, 15500, 15510, 15520, 15530, and 15540 Woodinville-Redmond Road in Woodinville, WA. The total sale price for the properties was $232,600,000, encompassing a total square footage of 720,000, resulting in a price per square foot of $323.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $232,600,000
- Buyer: Blake Baird - Terreno Realty Corporation
- Seller: Link Logistics Real Estate
- Market: Woodinville, WA
- Square Footage: 720,000
- Price per Square Foot: $323
The deal marks a significant transaction in King County, being the largest real estate deal in the area for the year. Blake Baird represents Terreno Realty Corporation in this acquisition from Link Logistics Real Estate.
Players
Woodinville 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93