Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,300,000
$218/SF
Industrial
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Players
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