First Industrial Realty Trust Acquires 1.9 Acre Industrial Property In Kent, WA For $4.9M
20320 80th Avenue South, Kent, Washington 98032, United States
$4,900,000
Building Size
—
Asset Type
Industrial
Closing
May 1, 2022
AI
First Industrial Realty Trust has acquired an industrial property located at 20320 80th Ave S in Kent, WA. The property spans approximately 1.9 acres and was sold for a total price of $4,900,000.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $4,900,000
- Address: 20320 80th Ave S, Kent, WA
- Market: Kent, WA
- Buyer: First Industrial Realty Trust - John Quinn, Rich Poolis, and Will Trapp
- Seller: Pam Kale and Dick Kale
- Brokers: Scott Alan and Pat Mullin from Cushman & Wakefield
The buyer was represented by John Quinn, Rich Poolis, and Will Trapp from First Industrial Realty Trust. The sellers of the property were Pam Kale and Dick Kale. The transaction was facilitated by brokers Scott Alan and Pat Mullin from Cushman & Wakefield.
Players
Kent 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93