SOLD
MCA Realty Sells Spectrum Business Park In Federal Way, WA For $13.75M
1620-1720 South 341st Place
Industrial
137,822 SF
137,822 SF
Sold 211 days ago
Summary
Sale
WASHINGTON
Industrial
137,822 sqft
An industrial complex in Federal Way, Washington, known as Spectrum Business Park, has been sold for $13.75 million to a private investor involved in a 1031 Exchange. The property spans 68,911 square feet and was purchased from MCA Realty, a California-based real estate investment and management company.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,750,000
- Address: 1620-1720 South 341st Place, Federal Way, WA
- Market: Federal Way, WA
- Square Footage: 68,911
- Price Per Square Foot: $200
The sale of Spectrum Business Park was facilitated by a team of brokers. Tyler Mattox from MCA Realty acted as the seller, while Earney Velton from JSH Properties served as the buyer's representative. On the seller's side, Andy Miller and Matt McLennan from Kidder Mathews, as well as Kyle Schipper from NAI Capital, were involved in the transaction.
Players
All
7
Agents
4
Agencies
3
Details
SOLD
IMAGE: Earney Velton, Tyler Mattox, Andy Miller, Matt McLennan & Kyle Schipper
DATE: 10/12/2023
ADDRESS: 1620-1720 South 341st Place
MARKET: Federal Way, WA
ASSET TYPE: Industrial
SELLER: Tyler Mattox - MCA Realty
BUYER'S REP: Earney Velton - JSH Properties
SELLER'S REP: Andy Miller, Matt McLennan - Kidder Mathews & Kyle Schipper - NAI Capital
SALE PRICE: $13,750,000
SF: 68,911 ~ PPSF: $200
NOTE: MCA Realty, a California-based real estate investment and management company, has announced the sale of Spectrum Business Park, a 68,911-square-foot industrial complex in Federal Way, Washington, for $13.75 million to a private investor involved in a 1031 Exchange.View on map
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Address1620-1720 South 341st Place
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