Microsoft Acquires Industrial Property In Redmond, WA For $38M
SOLD
$38,000,000
Washington
See Similar DealsIndustrial46,500 SF
Sold 09/12/2022
SOLD
Microsoft Acquires Industrial Property In Redmond, WA For $38M
19150 Northeast Union Hill Road, Redmond, Washington 98053, United States
See Similar DealsIndustrial46,500 SF
Sold 09/12/2022
Summary
WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$817
Total Square Footage:46,500 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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