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Rick Stone Of Sagard Real Estate Acquires Industrial Property In Auburn For $27 Million
SOLD
$27,000,000
Washington
See Similar DealsIndustrial162,400 SF
Sold 01/14/2026
SOLD
Rick Stone Of Sagard Real Estate Acquires Industrial Property In Auburn For $27 Million
2402 R Street Northwest
See Similar DealsIndustrial162,400 SF
Sold 01/14/2026
Summary
WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$166
Total Square Footage:162,400 SF
Transaction Type:Sale
An industrial property located at 2402 R Street Northwest in Auburn, WA, has been sold for a transaction amount of $27,000,000. The property spans 8.8 acres and offers a total of 162,400 square feet of space, resulting in a price per square foot of $166.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,000,000
- Address: 2402 R Street Northwest
- Market: Auburn, WA
- Acres: 8.8
- Square Footage: 162,400
- Price per Square Foot: $166
- Buyer: Rick Stone - Sagard Real Estate
- Seller: Laskey Family Trust
Rick Stone of Sagard Real Estate represented the buyer in this transaction involving the Laskey Family Trust as the seller, marking a significant deal in the industrial real estate market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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