Updated Dec 4, 2024
JM Eagle Acquires Industrial Property In Tacoma, WA For $16M
2330 Port of Tacoma Road
$16,000,000
$175/SF
Building Size
91,000 SF
Asset Type
Industrial
Closing
Nov 14, 2023
About this deal
AI
JM Eagle, the world's largest plastic pipe manufacturer, has acquired a warehouse property in Tacoma, Washington for $16 million. The property, located at 2330 Port of Tacoma Road, has a total square footage of 91,000 and was sold at a price per square foot of $176.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Square Footage: 91,000
- Address: 2330 Port of Tacoma Road, Tacoma, WA
Walter Wang, representing JM Eagle, was the buyer in this transaction. With the acquisition of this warehouse property, JM Eagle further strengthens its presence in the industry.
Players
Tacoma 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93