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28515 State Route 410 East

Marcus & Millichap Sells Buckley Industrial Property For $2.3M In Tacoma Region
SOLDIndustrial

Marcus & Millichap Sells Buckley Industrial Property For $2.3M In Tacoma Region

28515 State Route 410 East

$2,300,000

$218/SF

Building Size

10,512 SF

Asset Type

Industrial

Closing

Feb 9, 2024

AI

The Buckley Commercial Building and Yard, an industrial property located at 28515 State Route 410 East in Buckley, WA, was recently sold for $2.3 million. This property spans 10,512 square feet and was sold at a price per square foot of $219. The sale was facilitated by brokers Matthew Herman and RJ Vara from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,300,000
  • Market: Buckley, WA
  • Brokers: Matthew Herman & RJ Vara - Marcus & Millichap

Marcus & Millichap played a vital role in the successful transaction of the Buckley Commercial Building and Yard. The brokers, Matthew Herman and RJ Vara, demonstrated their expertise in the real estate market, ensuring a smooth sale of this industrial property.

Players

Matthew Herman

Marcus & Millichap

Broker

$14.9M

vol

2 deals

Broker

Buckley 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93