Updated Dec 4, 2024
Cabot Properties Acquires Two Industrial Buildings In Auburn For $83.1 Million From TGA Auburn Business Park LLC
3941 I Northwest Street & 3703 I Northwest Street
$83,100,000
Building Size
—
Asset Type
Industrial
Closing
Jul 26, 2024
About this deal
AI
The transaction involved two industrial buildings located at 3941 and 3703 I Northwest Street in Auburn, WA, covering a total area of 385,986 square feet. The sale price for this property was $83,100,000, equating to approximately $215 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $83,100,000
- Buyer: Cabot Properties
- Seller: TGA Auburn Business Park LLC
Cabot Properties has acquired the assets previously owned by TGA Auburn Business Park LLC. The deal signifies a strategic investment in the industrial market within the Auburn area.
On the Map
$83,100,000
Industrial
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Players
Auburn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93