Updated Jan 14, 2026
Rick Stone Of Sagard Real Estate Acquires Industrial Property In Auburn For $27 Million
2402 R Street Northwest
$27,000,000
$166/SF
Building Size
162,400 SF
Asset Type
Industrial
Closing
Jan 14, 2026
About this deal
AI
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.
On the Map
$27,000,000
$166/SF
Industrial
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Players
Auburn 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93