Updated Oct 28, 2024
Lift Partners Acquires Industrial Property On 76th Ave S In Kent, WA For $106M
76th Avenue South, Kent, Washington 98032, United States
$106,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 25, 2022
About this deal
AI
An industrial property located at 76th Ave S in Kent, WA has been sold for a total price of $106,000,000. The property is situated in the Kent market and belongs to the industrial asset type.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $106,000,000
- Market: Kent, WA
- Buyer: Lift Partners
- Brokers: Matt McGregor & Bill Condon - Colliers
The deal was facilitated by Matt McGregor and Bill Condon from Colliers, who represented the buyer, Lift Partners, in the transaction.
Players
Kent 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93