facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells North Seattle Industrial For $4.025M

Property Image
SOLD
$4,025,000

Washington

See Similar Deals
Industrial48,046 SF
Sold 09/11/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells North Seattle Industrial For $4.025M

927 North 128th Street & 946 North 127th Street

See Similar Deals
Industrial48,046 SF
Sold 09/11/2023
Contact now

Summary

WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$83
Total Square Footage:48,046 SF
Transaction Type:Sale

Marcus & Millichap has announced the sale of North Seattle Industrial, an industrial property located at 927 North 128th Street and 946 North 127th Street in Seattle, Washington. The property spans 24,023 square feet and was sold for a price of $4,025,000, resulting in a price per square foot of $168. This transaction highlights the demand for industrial properties in the Seattle market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,025,000
  • Square Footage: 24,023
  • Address: 927 North 128th Street & 946 North 127th Street, Seattle, WA
  • Market: Seattle, WA

The sale of North Seattle Industrial was facilitated by brokers John Marks and RJ Vara from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in executing this transaction. It is worth noting that the sale price achieved was 91% of the original asking price, highlighting the strong interest in the property.

Players

RJ Vara
13 deals$75.1M volume(206) 826-5784
BROKER

John Marks
Marcus & Millichap
2 deals$14.5M volume(206) 826-5687
BROKER

Details

SOLD
IMAGE: John Marks & RJ Vara DATE: 09/11/2023 ADDRESS: 927 North 128th Street & 946 North 127th Street MARKET: Seattle, WA ASSET TYPE: Industrial BROKERS: John Marks & RJ Vara - Marcus & Millichap SALE PRICE: $4,025,000 SF: 24,023 ~ PPSF: $168 NOTE: Marcus & Millichap announced the sale of North Seattle Industrial, a 24,023-square-foot industrial property in Seattle, Washington, which executed at 91% of the asking price.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$214,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,299.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,080.55
Annual Debt Service$228,966.64