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214 21st Street Southeast

Dalfen Industrial Acquires Industrial Property In Auburn, WA For $5.2M
SOLDIndustrial

Dalfen Industrial Acquires Industrial Property In Auburn, WA For $5.2M

$5,225,000

Building Size

Asset Type

Industrial

Closing

Jan 30, 2024

AI

An industrial property located at 214 21st Street SE in Auburn, Washington, has been acquired by Dalfen Industrial for $5,225,000. This unique property boasts a strategic location in the industrial market of Auburn, offering immense potential for the buyer.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,225,000
  • Address: 214 21st Street Southeast
  • Market: Auburn, WA

Matt McLennan from Kidder Mathews represented Dalfen Industrial in this transaction, showcasing a seamless deal process. The involvement of experienced professionals like Matt McLennan highlights the expertise and efficiency that played a crucial role in the successful acquisition of the industrial property.

Players

Matt McLennan

Kidder Mathews

Broker

$77.7M

vol

7 deals

Broker

Market 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

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93