MCA Realty Sells Spectrum Business Park In Federal Way, WA For $13.75M

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.