Updated Oct 28, 2024
CenterPoint Properties Acquires 20 Acre Industrial Site In Seattle, WA For $76M
8200 2nd Ave S Seattle, WA 98108, USA
$76,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 12, 2022
About this deal
AI
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.
On the Map
$76,000,000
Industrial
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Players
Seattle 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93