First Industrial Realty Trust Acquires 1.9 Acre Industrial Property In Kent, WA For $4.9M
SOLD
$4,900,000
Washington
See Similar DealsIndustrial
Sold 05/02/2022
SOLD
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
See Similar DealsIndustrial
Sold 05/02/2022
Summary
WASHINGTON
Asset Type:Industrial
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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