Updated Sep 5, 2024
Marcus & Millichap Brokers $3.38M Industrial Sale In Lakewood, WA
2520 112th Street South, Lakewood, Washington 98499, United States
$3,380,000
$177,894/SF
Building Size
19 SF
Asset Type
Industrial
Closing
Sep 12, 2022
About this deal
AI
The industrial property located at 2520 112th St S in Lakewood, WA has been sold for $3,380,000. The property spans a total of 19,200 square feet, resulting in a price per square foot of $176. The sale was facilitated by brokers Matthew Herman and Stren R. Lea of Marcus & Millichap.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,380,000
- Address: 2520 112th St S, Lakewood, WA
- Market: Lakewood, WA
- Brokers: Matthew Herman & Stren R. Lea - Marcus & Millichap
- Square Footage: 19,200
- Price per Square Foot: $176
Matthew Herman and Stren R. Lea of Marcus & Millichap were responsible for representing the sellers and/or buyers in this industrial property transaction. They played a crucial role in ensuring the successful completion of the deal.
Players
Lakewood 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
4.69%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93