Updated Dec 4, 2024
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
Market 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93