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Kennedy Wilson Purchases Auburn Park 44 Industrial Building From Granite 44 Auburn Park LLC For $43.75M

Property Image
SOLD
$43,750,000
Rick Ellison
Jeff Chiate
Bryce Aberg
+ 2

Washington

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Industrial204,458 SF
Sold 03/25/2025
the dealplayerscompscontact
Property Image
SOLD

Kennedy Wilson Purchases Auburn Park 44 Industrial Building From Granite 44 Auburn Park LLC For $43.75M

44th St Ne

See Similar Deals
Industrial204,458 SF
Sold 03/25/2025
Rick Ellison
Jeff Chiate
Bryce Aberg
+ 2
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$214
Total Square Footage:204,458 SF
Transaction Type:Sale

The property involved in this transaction is an industrial building located at 814 44th Street Northwest in Auburn, WA. The asset spans a total of 204,458 square feet and was sold for a price of $43,750,000, resulting in a price per square foot of $214.

Summary of transaction details:

The deal was brokered by Cushman & Wakefield, representing both the buyer, Kennedy Wilson, and the seller, Granite 44 Auburn Park LLC, in this significant transaction involving the acquisition financing of the industrial property.

Players

Bryce Aberg
Cushman & Wakefield
Bryce Aberg
18 deals$1.1B volume(858) 546-5462
BROKER
Jeff Chiate
Cushman & Wakefield
Jeff Chiate
38 deals$2.7B volume
BROKER
Rick Ellison
Cushman & Wakefield
Rick Ellison
24 deals$1.4B volume
BROKER
Aubrie Monahan
Cushman & Wakefield
Aubrie Monahan
10 deals$593.1M volume(949) 930-2476
BROKER
Matthew Leupold
Cushman & Wakefield
Matthew Leupold
6 deals$630.8M volume(949) 930-9204
BROKER
Kennedy Wilson
Kennedy Wilson
BUYER

Details

SOLD
IMAGE: 03/25/2025 ADDRESS: 814 44th Street Northwest MARKET: Auburn, WA ASSET TYPE: Industrial BUYER: Kennedy Wilson SELLER: Granite 44 Auburn Park LLC BROKERS: Aubrie Monahan, Bryce Aberg, Jeff Chiate, Matthew Leupold & Rick Ellison - Cushman & Wakefield SALE PRICE: $43,750,000 SF: 204,458 ~ PPSF: $214 NOTE: Cushman & Wakefield brokered the $43.75M sale and acquisition financing of Auburn Park 44, a 204,458 SF industrial building in Auburn, WA, to Kennedy Wilson.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,333,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$155,434.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$207,397.32
Annual Debt Service$2,488,767.84