CenterPoint Properties Acquires 20 Acre Industrial Site In Seattle, WA For $76M
SOLD
$76,000,000
Washington
See Similar DealsIndustrial
Sold 09/13/2022
SOLD
CenterPoint Properties Acquires 20 Acre Industrial Site In Seattle, WA For $76M
8200 2nd Ave S Seattle, WA 98108, USA
See Similar DealsIndustrial
Sold 09/13/2022
Summary
WASHINGTON
Asset Type:Industrial
Transaction Type:Sale
An industrial site located at 8200 2nd Ave S in Seattle, WA has been sold for a staggering price of $76,000,000. The property spans across 20 acres, making it a significant investment for the buyer.
Summary of transaction details:
- Property Type: Industrial Site
- Transaction Amount: $76,000,000
- Address: 8200 2nd Ave S, Seattle, WA
- Market: Seattle, WA
- Acres: 20
CenterPoint Properties, a prominent player in the real estate industry, has acquired this industrial site. The deal was facilitated by the brokers Chris Corr and Matt Murray from Kidder Matthews, who represented CenterPoint Properties throughout the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$270,011.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$360,278.77
Annual Debt Service$4,323,345.28
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