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
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