Ares Management Acquires LogistiCenter At Woodinville For $115.2 Million 490000 Square Feet
7720 West Bostian Road
$115,200,000
$235/SF
Building Size
490,000 SF
Asset Type
Industrial
Closing
Oct 13, 2025
AI
Ares Management acquired the industrial asset located at 7720 West Bostian Road in Woodinville, WA. The property encompasses 490,000 square feet and was purchased for $115.2 million, representing a price per square foot of $235.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $115,200,000
- Sale Date: 10/13/2025
- Address: 7720 West Bostian Road
- Market: Woodinville, WA
- Square Footage: 490,000
- Price per Square Foot: $235
- Buyer: Ares Management
- Brokers: Andy Miller & Zach Vall-Spinosa - Kidder Mathews
This transaction marks a significant industrial acquisition on Seattle’s Eastside, facilitated by brokers Andy Miller and Zach Vall-Spinosa from Kidder Mathews, representing Ares Management in the deal.
Players
Woodinville 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93