PCBP Properties Inc Acquires 80,000 Square Foot Industrial Building From LBA Logistics For $12.6M
403 North Levee Road
$12,600,000
$157/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Dec 18, 2024
AI
An industrial property located at 403 North Levee Road in Puyallup, WA was sold for $12,600,000. The asset offers 80,000 square feet of space on a 5-acre lot, translating to a price per square foot of $158. This sale occurred on December 18, 2024, and is positioned slightly below the Q3 average for Pierce County.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,600,000
- Acres: 5
- Square Footage: 80,000
- Price Per Square Foot: $158
- Buyer: PCBP Properties Inc
- Seller: LBA Logistics
- Brokers: Brett Hartzell & Paige Morgan - CBRE
- Date of Sale: December 18, 2024
PCBP Properties Inc acquired the industrial building in Puyallup from LBA Logistics with representation from Brett Hartzell and Paige Morgan of CBRE. The transaction highlights the involvement of these brokers in facilitating the sale between the buyer and seller.
Puyallup 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93