Updated Aug 25, 2026
Blake Baird Of Terreno Realty Corporation Acquires Industrial Property In Redmond For $8M
9660 153rd Avenue Northeast
$8,000,000
$381/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
Aug 21, 2026
About this deal
AI
The property involved in the transaction is a 21,000-square-foot industrial distribution asset located at 9660 153rd Avenue Northeast in Redmond, WA. The transaction closed for a price of $8,000,000, representing a price per square foot of $381. The asset spans 1.5 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Square Footage: 21,000
- Price Per Square Foot: $381
- Address: 9660 153rd Avenue Northeast
- Market: Redmond, WA
- Acres: 1.5
Blake Baird represented the buyer, Terreno Realty Corporation, in the acquisition of the vacant property, which reflects a 5.9% estimated stabilized cap rate.
Redmond 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93