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Sale · Industrial

Updated Dec 4, 2024

Mina Properties VIII Acquires Industrial Park In Everett, WA For $14.7M
SOLDIndustrial

Mina Properties VIII Acquires Industrial Park In Everett, WA For $14.7M

$14,700,000

$156/SF

Building Size

94,000 SF

Asset Type

Industrial

Closing

Sep 13, 2023

About this deal

AI

Coldwell Banker Commercial Danforth recently sold an industrial park located at 3200 35th Avenue Northeast in Everett, Washington. The property spans over 31.6 acres and features a total square footage of 94,000 square feet. The sale price for this transaction was $14,700,000, resulting in a price per square foot of $156. The property is classified as an industrial asset and is situated in the bustling market of Everett, WA.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $14,700,000
  • Address: 3200 35th Avenue Northeast, Everett, WA
  • Market: Everett, WA
  • Acres: 31.6
  • Square Footage: 94,000
  • Price per Square Foot: $156

The buyer in this transaction was Mina Properties VIII, who acquired the industrial park from the seller, BFS Operations LLC. Acting as the broker for this deal was Michael Fear, a representative from Coldwell Banker Commercial. Mina Properties VIII intends to maintain the property as a multi-tenant investment, ensuring its potential as a lucrative investment opportunity.

Players

Michael Fear

Coldwell Banker

Broker

$14.7M

vol

1 deal

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $156 per square foot on a published $14.7M for 94,000 square feet (2023).

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Browse Washington industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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