First Industrial Realty Trust Acquires Industrial Property In Pacific, WA For $20M

An industrial property located at 1508 Valentine Ave. SE in Pacific, WA has been sold for $20,000,000. The property spans 338,983 square feet and is situated on approximately 7.82 acres of land. The price per square foot was $59, and the price per acre was calculated to be $2,557,545. The transaction took place on 07/29/2022.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Address: 1508 Valentine Ave. SE
• Market: Pacific, WA

The buyer of the property is First Industrial Realty Trust, represented by Rich Poolis and John Quinn. They can be contacted via their LinkedIn profiles: Rich Poolis (https://www.linkedin.com/in/richard-y-poolis-52608219) and John Quinn (www.linkedin.com/in/john-quinn-0b32909). On the other hand, the seller was Pat Scoccolo and Mark Scoccolo.

Taylor Hoff, from Newmark, served as the broker for this transaction. You can find his LinkedIn profile at https://www.linkedin.com/in/taylor-hoff-sior-3b320910/.