MTorres America Sells Everett Industrial Property For $20M With Brokers Zach Vall-Spinosa & James Leptich
905 80th Street Southwest, Everett, Washington 98203, United States
$20,000,000
$307,692/SF
Building Size
65 SF
Asset Type
Industrial
Closing
Jan 16, 2023
AI
MTorres America has closed the sale of an industrial property located at 905 80th St. SW in Everett, WA. The property spans an extensive 14.9 acres, offering ample space for various industrial activities. The transaction was facilitated by brokers Zach Vall-Spinosa and James Leptich from Kidder Mathews. The property was sold for a total price of $20,000,000, equivalent to a price per square foot of $306. With a total area of 65,344 square feet, this industrial asset presents a valuable opportunity for businesses in the area.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 905 80th St. SW, Everett, WA
- Market: Everett, WA
- Acres: 14.9
- Seller: MTorres America
- Brokers: Zach Vall-Spinosa & James Leptich - Kidder Mathews
- Square Footage: 65,344
- Price per Square Foot: $306
Zach Vall-Spinosa and James Leptich, representing Kidder Mathews, played a crucial role in facilitating the sale of the industrial property located at 905 80th St. SW in Everett, WA. Their expertise and negotiation skills contributed to the successful completion of the transaction. With their assistance, MTorres America was able to secure a favorable deal for this valuable industrial asset.
Everett 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93