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
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