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
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.
Players
Auburn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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