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8200 2nd Ave S Seattle, WA ...

CenterPoint Properties Acquires 20 Acre Industrial Site In Seattle, WA For $76M
SOLDIndustrial

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

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.

Players

Matt Murray

Kidder Mathews

Broker

$139.4M

vol

5 deals

Broker
CenterPoint Properties
CenterPoint PropertiesBuyer

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