Updated Oct 28, 2024
Microsoft Acquires Industrial Property In Redmond, WA For $38M
19150 Northeast Union Hill Road, Redmond, Washington 98053, United States
$38,000,000
$817/SF
Building Size
46,500 SF
Asset Type
Industrial
Closing
Sep 11, 2022
About this deal
AI
The industrial property located at 19150 NE Union Hill Rd in Redmond, WA has been sold in a recent transaction. The property spans 46,500 square feet and was sold for a total price of $38,000,000, resulting in a price per square foot of $817.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $38,000,000
- Property Size: 46,500 square feet
- Price per Square Foot: $817
- Address: 19150 NE Union Hill Rd, Redmond, WA
- Market: Redmond, WA
The buyer in this transaction was Microsoft, while the seller was The Jewell Family.
Redmond Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93