Updated Dec 4, 2024
REDCO Development Acquires 7.4-Acre Industrial Yard In Puyallup, WA For $6.3M
7702 River Road East
$6,300,000
Building Size
—
Asset Type
Industrial
Closing
Oct 19, 2023
About this deal
AI
REDCO Development, in partnership with Blackbird Investment Group, has acquired a 7.4-acre industrial outdoor storage yard located at 7702 River Road in Puyallup, Washington. The property was purchased in an off-market transaction for a total of $6.3 million.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,300,000
- Address: 7702 River Rd, Puyallup, WA
- Market: Puyallup, Washington
- ACRES: 7.4
The purchase was facilitated by Jason Freise of REDCO Development and Blackbird Investment Group. Serving as the buyer, they successfully completed the acquisition with the assistance of brokers Matt McLennan and Matt Murray from Kidder Mathews.
This transaction represents a notable acquisition of an industrial outdoor storage yard in Puyallup, Washington. The involvement of REDCO Development, in collaboration with Blackbird Investment Group, highlights their strategic approach to expanding their portfolio in the industrial sector.
On the Map
$6,300,000
Industrial
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Players
Puyallup 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93