Updated Mar 11, 2025
Fortress Investment Acquires 4.5 Acres Industrial Property In Auburn, WA For $9.5M
47 37th Street Northeast, Auburn, Washington 98001, United States
$9,500,000
$351/SF
Building Size
27,000 SF
Asset Type
Industrial
Closing
Aug 8, 2022
About this deal
AI
A 4.5-acre industrial property located at 47 37th St NE in Auburn, WA has been sold. The property, which spans 27,000 square feet, was purchased for a total of $9,500,000. The price per square foot for the transaction was $352.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Address: 47 37th St NE, Auburn, WA
- Market: Auburn, WA
- Acres: 4.5
- Square Footage: 27,000
Fortress Investment, represented by broker Matt Murray from Kidder Mathews, acquired the industrial property. The deal was facilitated by Matt Murray from Kidder Mathews.
On the Map
$9,500,000
$351/SF
Industrial
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Players
Auburn 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93