Colliers Acquires Industrial Property In Tukwila, WA For $35M
SOLD
$35,000,000
Washington
See Similar DealsIndustrial
Sold 06/03/2022
SOLD
Colliers Acquires Industrial Property In Tukwila, WA For $35M
18375 Olympic Avenue South, Tukwila, Washington 98188, United States
See Similar DealsIndustrial
Sold 06/03/2022
Summary
WASHINGTON
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 18375 Olympic Ave S in Tukwila, WA has been sold for a transaction amount of $35,000,000. The property is situated in the Tukwila market and is characterized as an industrial asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Address: 18375 Olympic Ave S, Tukwila, WA
- Brokers: Matt McGregor & Bill Condon - Colliers
Matt McGregor and Bill Condon from Colliers were the brokers involved in facilitating this transaction. They represented the buyer and seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
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