Fortress Investment Acquires 4.5 Acres Industrial Property In Auburn, WA For $9.5M
SOLD
$9,500,000
Washington
See Similar DealsIndustrial27,000 SF
Sold 08/09/2022
SOLD
Fortress Investment Acquires 4.5 Acres Industrial Property In Auburn, WA For $9.5M
47 37th Street Northeast, Auburn, Washington 98001, United States
See Similar DealsIndustrial27,000 SF
Sold 08/09/2022
Summary
WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$351
Total Square Footage:27,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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