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905 80th Street Southwest, ...

MTorres America Sells Everett Industrial Property For $20M With Brokers Zach Vall-Spinosa & James Leptich
SOLDIndustrial

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.

Players

Zach Vall-Spinosa

Kidder Mathews

Broker

$188.4M

vol

4 deals

Broker

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