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61 Shattuck Avenue South

Marcus & Millichap Sell Industrial Building In Renton, WA For $2.3M
SOLDIndustrial

Marcus & Millichap Sell Industrial Building In Renton, WA For $2.3M

61 Shattuck Avenue South

$2,300,000

$191/SF

Building Size

12,000 SF

Asset Type

Industrial

Closing

Feb 27, 2024

AI

The sale involved a 12,000-square-foot industrial building located at 61 Shattuck Avenue South in Renton, a suburb of Seattle. The transaction was facilitated by Anne Goldman & RJ Vara from Marcus & Millichap, resulting in a sale price of $2.3 million, equating to a price per square foot of $192.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,300,000
  • Address: 61 Shattuck Avenue South
  • Market: Renton, WA
  • Brokers: Anne Goldman & RJ Vara - Marcus & Millichap

Anne Goldman and RJ Vara, representing Marcus & Millichap, played a crucial role in finalizing the sale of the industrial property at 61 Shattuck Avenue South in Renton. The transaction underscores the expertise and successful collaboration between the involved parties in the dynamic real estate market.

Players

RJ Vara

Marcus & Millichap

Broker

$75.1M

vol

13 deals

Broker

Renton 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93