Lift Partners Acquires Industrial Property On 76th Ave S In Kent, WA For $106M
SOLD
$106,000,000
Washington
See Similar DealsIndustrial
Sold 07/26/2022
SOLD
Lift Partners Acquires Industrial Property On 76th Ave S In Kent, WA For $106M
76th Avenue South, Kent, Washington 98032, United States
See Similar DealsIndustrial
Sold 07/26/2022
Summary
WASHINGTON
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,653,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$376,595.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$502,494.08
Annual Debt Service$6,029,928.94
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