Updated Dec 4, 2024
Pisco Capital & Stark Capital Investment Buy Industrial Property In Kent For $23.7M
22220 68th Avenue South
$23,700,000
$251/SF
Building Size
94,225 SF
Asset Type
Industrial
Closing
Feb 1, 2024
About this deal
AI
An industrial property in Kent, Washington, located at 22220 68th Avenue South, was recently sold for $23.7 million. The property spans 94,225 square feet, resulting in a price per square foot of $252. The transaction involved buyers Pisco Capital Investments LLC and Stark Capital Investments LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,700,000
- Address: 22220 68th Avenue South
- Market: Kent, WA
- Buyer: Pisco Capital Investments LLC & Stark Capital Investments LLC
- Square Footage: 94,225
- Price per Square Foot: $252
The buyers involved in the transaction are Pisco Capital Investments LLC and Stark Capital Investments LLC, both entities affiliated with Walt Pisco, who serves as the CEO of Cascade Engine Center.
On the Map
$23,700,000
$251/SF
Industrial
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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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93