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

Property Image
SOLD
$20,000,000
Taylor Hoff
RP
JQ

Washington

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Industrial3,389,830 SF
Sold 07/29/2022
the dealplayerscompscontact
Property Image
SOLD

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

1508 Valentine Avenue Southeast

See Similar Deals
Industrial3,389,830 SF
Sold 07/29/2022
Taylor Hoff
RP
JQ
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$5
Total Square Footage:3,389,830 SF
Transaction Type:Sale

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/.

Players

Taylor Hoff
Newmark
Taylor Hoff
2 deals$38.3M volume
BROKER
First Industrial Realty Trust
First Industrial Realty Trust
BROKERAGE
RP
First Industrial Realty Trust
Rich Poolis
3 deals$40.4M volume
BUYER
JQ
First Industrial Realty Trust
John Quinn
4 deals$51.1M volume
BUYER

Details

SOLD
IMAGE: Rich Poolis, John Quinn & Taylor Hoff DATE: 07/29/2022 ADDRESS: 1508 Valentine Ave. SE MARKET: Pacific, WA ASSET TYPE: Industrial BUYER: First Industrial Realty Trust - Rich Poolis (https://www.linkedin.com/in/richard-y-poolis-52608219) & John Quinn (www.linkedin.com/in/john-quinn-0b32909) SELLER: Pat Scoccolo & Mark Scoccolo BROKER: Taylor Hoff (https://www.linkedin.com/in/taylor-hoff-sior-3b320910/) - Newmark (@Newmark) SALE PRICE: $20,000,000 SF: 338,983 ~ PPSF: $59 ACRES: 7.82 ~ PPA: $2,557,545

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