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
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